Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Royal Caribbean Group shares valued at $1,363,486 were sold by Bayley Michael W on Feb 13 ’24. At $116.01 per share, Bayley Michael W sold 11,753 shares. The insider’s holdings dropped to 166,537 shares worth approximately $21.26 million following the completion of this transaction.
Also, Wilhelmsen Arne Alexander sold 284,766 shares, netting a total of over 34,664,565 in proceeds. Following the sale of shares at $121.73 each, the insider now holds 19,167,507 shares.
Before that, Wilhelmsen Arne Alexander had sold 400,000 shares from its account. In a trade valued at $47,992,000, the Director traded Royal Caribbean Group shares for $119.98 each. Upon closing the transaction, the insider’s holdings decreased to 400,000 shares, worth approximately $2.48 billion.
As published in their initiating research note from Mizuho on April 17, 2024, Royal Caribbean Group [RCL] has been a Buy and the price target has been revised to $164. Analysts at Goldman started covering the stock with ‘”a Buy”‘ outlook in a report released in mid March. Earlier on October 23, 2023, HSBC Securities initiated its rating. Their recommendation was “a Buy” for RCL stock.
Analyzing RCL Stock Performance
During the last five days, there has been a drop of approximately -4.57%. Over the course of the year, Royal Caribbean Group shares have dropped approximately -1.43%. Shares of the company reached a 52-week high of $141.70 on 04/04/24 and a 52-week low of $113.10 on 02/20/24. A 50-day SMA is recorded $127.67, while a 200-day SMA reached $110.54. Nevertheless, trading volume fell to 1.98 million shares from 2.3 million shares the previous day.
Support And Resistance Levels for Royal Caribbean Group (RCL)
According to the 24-hour chart, there is a support level at 126.29, which, if violated, would cause prices to drop to 124.94. In the upper region, resistance lies at 129.80. The next price resistance is at 131.97. RSI (Relative Strength Index) is 43.10 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.51, which suggests the price will decrease in the coming days. Percent R is at 84.50%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
