Why Royal Caribbean (RCL) Stock Is Down Today

Shares of cruise vacation company Royal Caribbean (NYSE:RCL) fell 3.9% in the afternoon session after the company said it will buy half of Sandals and Beaches Resorts for about $3 billion. Royal Caribbean said the price is about 10 times forward EBITDA. Morgan Stanley has committed the debt to fund it. The company said the deal should close in early 2027, subject to approvals, and that it expects the stake to add to earnings next year. Jason Liberty, chairman and chief executive, said in the rel