Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Norwegian Cruise Line Holdings Ltd shares valued at $399,532 were sold by Kempa Mark on Mar 08 ’24. At $20.01 per share, Kempa Mark sold 19,965 shares. The insider’s holdings dropped to 268,386 shares worth approximately $4.84 million following the completion of this transaction.
Also, Farkas Daniel S sold 38,000 shares, netting a total of over 739,366 in proceeds. Following the sale of shares at $19.46 each, the insider now holds 244,261 shares.
Before that, Ashby Faye L. had sold 15,811 shares from its account. In a trade valued at $307,587, the SVP & Chief Accounting Officer traded Norwegian Cruise Line Holdings Ltd shares for $19.45 each. Upon closing the transaction, the insider’s holdings decreased to 15,811 shares, worth approximately $3.15 million.
As published in their initiating research note from Mizuho on March 26, 2024, Norwegian Cruise Line Holdings Ltd [NCLH] has been a Neutral and the price target has been revised to $21. Analysts at Goldman started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid March. As of January 05, 2024, Wells Fargo has decreased its “an Overweight” rating to a “an Equal weight” for NCLH. Earlier on September 14, 2023, Redburn Atlantic upgraded its rating. Their new recommendation was “an Overweight” for NCLH stock which previously was a “a Neutral”.
Analyzing NCLH Stock Performance
During the last five days, there has been a drop of approximately -2.07%. Over the course of the year, Norwegian Cruise Line Holdings Ltd shares have dropped approximately -10.08%. Shares of the company reached a 52-week high of $21.73 on 03/27/24 and a 52-week low of $15.86 on 02/20/24. A 50-day SMA is recorded $18.64, while a 200-day SMA reached $17.63. Nevertheless, trading volume fell to 10.48 million shares from 10.36 million shares the previous day.
Support And Resistance Levels for Norwegian Cruise Line Holdings Ltd (NCLH)
According to the 24-hour chart, there is a support level at 17.78, which, if violated, would cause prices to drop to 17.54. In the upper region, resistance lies at 18.19. The next price resistance is at 18.35. RSI (Relative Strength Index) is 42.21 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.29, which suggests the price will decrease in the coming days. Percent R is at 76.20%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
