RCL Shares Jump In Oslo Following Report
Tuesday, February 06, 2001
Shares in Royal Caribbean Cruises leapt seven percent after positive broker analyses of the group and on hopes for positive news when corporate leaders visit Oslo on Wednesday, traders said. Shares in the Miami-based group were up 16 Norwegian crowns ($1.83) at 241 at about 1250 GMT on the Oslo bourse. The total share index of the Oslo bourse was up 1.1 percent. In just over a year, RCCL shares have ranged from a low of 152 in June to a high of 446 in January 2000.
Analysts said that several recent "buy" recommendations for the stock were helping RCCL after the company reported last month that 2000 earnings per share rose 16 percent to a record $2.31.