Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Royal Caribbean Cruises Ltd. shares valued at $149,638 were purchased by Sorensen Vagn O on Jun 09. At $53.73 per share, Sorensen Vagn O acquired 2,785 shares. The insider’s holdings grew to 32,583 shares worth approximately $1.52 million following the completion of this transaction.
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Also, Bayley Michael W sold 3,637 shares, netting a total of over 290,960 in proceeds. Following the sale of shares at $80.00 each, the insider now holds 116,951 shares.
Before that, Bayley Michael W had sold 3,859 shares from its account. In a trade valued at $297,222, the Pres& CEO,Royal Caribbean Intl traded Royal Caribbean Cruises Ltd. shares for $77.02 each. Upon closing the transaction, the insider’s holdings decreased to 3,859 shares, worth approximately $5.64 million.
As published in their initiating research note from Barclays on June 29, 2022, Royal Caribbean Cruises Ltd. [RCL] has been an Overweight and the price target has been revised to $56. This represents a 16.5% premium over Wednesday’s closing price. Analysts at Susquehanna started covering the stock with ‘”a Positive”‘ outlook in a report released in early June. As of March 30, 2022, Wells Fargo has initiated its “an Overweight” rating for RCL. Earlier on February 10, 2022, Citigroup initiated its rating. Their recommendation was “a Buy” for RCL stock.
Analyzing RCL’s Price Performance
On Wednesday, Royal Caribbean Cruises Ltd. [NYSE: RCL] plunged -5.52% to $46.76. The stock’s lowest price that day was $45.9093, but it reached a high of $49.45 in the same session. During the last five days, there has been a drop of approximately -4.45%. Over the course of the year, Royal Caribbean Cruises Ltd. shares have dropped approximately -39.19%. Shares of the company reached a 52-week high of $90.55 on 02/10/22 and a 52-week low of $31.09 on 07/14/22. A 50-day SMA is recorded $40.83, while a 200-day SMA reached $62.22. Nevertheless, trading volume fell to 9.55 million shares from 6.12 million shares the previous day.
Support And Resistance Levels for Royal Caribbean Cruises Ltd. (RCL)
According to the 24-hour chart, there is a support level at 45.30, which, if violated, would cause prices to drop to 43.83. In the upper region, resistance lies at 48.84. The next price resistance is at 50.91. RSI (Relative Strength Index) is 55.19 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.45, which suggests the price will increase in the coming days. Percent R is at 41.56%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Royal Caribbean Cruises Ltd. subject to short interest?
Stocks of Royal Caribbean Cruises Ltd. saw a sharp rise in short interest on Jul 14, 2022 jumping by 2.04 million shares to 17.21 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 15.17 million shares. A jump of 11.85% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.19 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.19.
Which companies own the most shares of Royal Caribbean Cruises Ltd. (RCL)?
According to Capital Research & Management Co filings, the company currently owns 29,750,225 shares, which is about 11.66% of the total RCL shares outstanding. The investor’s shares have appreciated by 863,309 from its previous 13-F filing of 28886916.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $926,644,627. BlackRock Fund Advisors acquire a 4.31% interest valued at $432.73 million while SSgA Funds Management, Inc. sold a -372,974 stake. A total of -8,324,594 shares of Royal Caribbean Cruises Ltd. were sold by Capital Research & Management Co during the quarter, and 201,750 were bought by PRIMECAP Management Co. In its current portfolio, JPMorgan Investment Management, I holds 4,789,570 shares valued at $195.65 million.
In terms of Royal Caribbean Cruises Ltd. share price expectations, FactSet research, analysts set an average price target of $60.50 in the next 12 months, up nearly 17.2% from the previous closing price of $49.49. Analysts anticipate Royal Caribbean Cruises Ltd. stock to reach $135.00 by 2022, with the lowest price target being $35.00. In spite of this, 17 analysts ranked Royal Caribbean Cruises Ltd. stock as an Overweight at the end of 2022. On December 10, 2021, Berenberg assigned a price target of “a Hold” to the stock and upgraded coverage with a $80.