Royal Caribbean Stock Is Up Almost 400%, but Does It Deserve to Be?

All cruise ship operators are riding a wave of optimism higher, but none more so than Royal Caribbean (NYSE: RCL), whose shares have risen nearly 400% from the lows they hit last March. As of this writing, Royal Caribbean stock is rising to heights not seen in almost a year as the prospects for a recovery look better than they ever have since the pandemic shut down travel around the globe. Although the U.S. Centers for Disease Control is agreeable to eventually reducing travel restrictions, it remains noncommittal, so there is still no timetable for cruise ships to begin sailing again.