Royal Caribbean Group’s filing revealed that its Pres&CEO, Royal Caribbean Intl Bayley Michael W unloaded Company’s shares for reported $1.36 million on Feb 13 ’24. In the deal valued at $116.01 per share,11,753 shares were sold. As a result of this transaction, Bayley Michael W now holds 166,537 shares worth roughly $23.03 million.
Then, Wilhelmsen Arne Alexander sold 284,766 shares, generating $34,664,565 in total proceeds. Upon selling the shares at $121.73, the Director now owns 19,167,507 shares.
Before that, Wilhelmsen Arne Alexander sold 400,000 shares. Royal Caribbean Group shares valued at $47,992,000 were divested by the Director at a price of $119.98 per share. As a result of the transaction, Wilhelmsen Arne Alexander now holds 19,452,273 shares, worth roughly $2.69 billion.
Goldman initiated its Royal Caribbean Group [RCL] rating to a Buy in a research note published on March 13, 2024; the price target was $162. HSBC Securities began covering RCL with “Buy” recommendation on October 23, 2023. Truist revised its rating on September 19, 2023. It rated RCL as “a Buy” which previously was an “a Hold”.
Price Performance Review of RCL
On Monday, Royal Caribbean Group [NYSE:RCL] saw its stock jump 1.67% to $138.29. Over the last five days, the stock has lost -1.61%. Royal Caribbean Group shares have risen nearly 6.80% since the year began. Nevertheless, the stocks have risen 123.08% over the past one year. While a 52-week high of $141.70 was reached on 04/04/24, a 52-week low of $59.37 was recorded on 02/20/24. SMA at 50 days reached $126.91, while 200 days put it at $109.39. A total of 1.59 million shares were traded, compared to the trading of 0.47 million shares in the previous session.
Levels Of Support And Resistance For RCL Stock
The 24-hour chart illustrates a support level at 136.71, which if violated will result in even more drops to 135.12. On the upside, there is a resistance level at 139.69. A further resistance level may holdings at 141.08. The Relative Strength Index (RSI) on the 14-day chart is 62.14, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.30, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 23.57%. Stochastics %K at 63.72% indicates the stock is a holding.
How much short interest is there in Royal Caribbean Group?
A steep rise in short interest was recorded in Royal Caribbean Group stocks on Mar 15, 2024, growing by 0.59 million shares to a total of 15.68 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 15.09 million shares. There was a rise of 3.76%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 8.91% of the overall stock float, the days-to-cover ratio (short ratio) rose to 6.06.
