On June 18, Royal Caribbean Cruises rose 3.1% in regular trading, trading at $311.775/share, with turnover of $139 million.

On the news front, Citi recently raised its target price on the company from $348 to $362, primarily benefiting from the reopening of the Strait of Hormuz following the US-Iran agreement. The development is expected to improve fuel cost outlook for the cruise industry and expand route expansion opportunities. Citi simultaneously raised targets for peers, lifting Carnival to $37 and Norwegian Cruise Line to $25.

Additionally, the stock continues to recover from a prior cumulative decline exceeding 10% triggered by a Mexico Federal Environmental Protection Agency project review, with bearish sentiment gradually dissipating as the stock rebounds from recent lows. Within the Hotels, Resorts & Cruise Lines sector, Carnival rose 3.36%, Marriott rose 1.93%, Hilton rose 1.71%, Airbnb rose 1.23%, and Booking Holdings rose 0.57%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)