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 $21.98 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 $2.57 billion.
Mizuho initiated its Royal Caribbean Group [RCL] rating to a Buy in a research note published on April 17, 2024; the price target was $164. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in mid March with a ‘”a Buy”‘ rating. HSBC Securities started covering the stock on October 23, 2023. It rated RCL as “a Buy”.
Price Performance Review of RCL
On Monday, Royal Caribbean Group [NYSE:RCL] saw its stock jump 2.15% to $131.99. Over the last five days, the stock has gained 3.79%. Royal Caribbean Group shares have risen nearly 1.93% since the year began. Nevertheless, the stocks have risen 112.10% 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 $128.09, while 200 days put it at $110.82. A total of 3.31 million shares were traded, compared to the trading of 2.97 million shares in the previous session.
Levels Of Support And Resistance For RCL Stock
The 24-hour chart illustrates a support level at 129.70, which if violated will result in even more drops to 127.41. On the upside, there is a resistance level at 134.12. A further resistance level may holdings at 136.24. The Relative Strength Index (RSI) on the 14-day chart is 51.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 58.35%. Stochastics %K at 27.36% indicates the stock is a holding.
