Royal Caribbean (RCL) Shares Extend Rally On $2B Buyback
Royal Caribbean (RCL) shares are rallying due to a new $2 billion share repurchase program and supportive macroeconomic tailwinds, including a recent Federal Reserve interest rate cut. This move follows a previous $1 billion buyback, showcasing the company's strong financial health and investment-grade balance sheet. The rate cut is expected to lower borrowing costs for the industry and boost consumer spending, further benefiting the cruise operator.
https://www.benzinga.com/trading-ideas/movers/25/12/49338401/royal-caribbean-rcl-shares-extend-rally-on-2b-buyback