Royal Caribbean (RCL) Stock Surges On Fed Rate Cut, $2 Billion Buyback Plan

Royal Caribbean Cruises Ltd (NYSE:RCL) shares are rallying on Wednesday afternoon. The surge follows a bullish combination of internal capital return announcements and a supportive monetary policy shift from the Federal Reserve.Here’s what investors need to know.Royal Caribbean stock is charging ahead with explosive momentum. What’s fueling RCL momentum?What To Know: The cruise operator announced a quarterly dividend of $1 per share and authorized a new $2 billion share repurchase program. This follows the ...