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Mizuho analysts initates a Buy rating for Royal Caribbean Group (RCL)

In a filing, Royal Caribbean Group revealed its President & CEO Liberty Jason T unloaded Company’s shares for reported $6.98 million on Apr 26 ’24. In the deal valued at $139.63 per share,50,000 shares were sold. As a result of this transaction, Liberty Jason T now holds 153,017 shares worth roughly $21.94 million.

Then, Bayley Michael W sold 11,753 shares, generating $1,363,486 in total proceeds. Upon selling the shares at $116.01, the Pres&CEO, Royal Caribbean Intl now owns 166,537 shares.

Before that, Wilhelmsen Arne Alexander sold 284,766 shares. Royal Caribbean Group shares valued at $34,664,565 were divested by the Director at a price of $121.73 per share. As a result of the transaction, Wilhelmsen Arne Alexander now holds 19,167,507 shares, worth roughly $2.75 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 1.97% to $143.36. Over the last five days, the stock has gained 8.61%. Royal Caribbean Group shares have risen nearly 10.71% since the year began. Nevertheless, the stocks have risen 132.50% over the past one year. While a 52-week high of $141.70 was reached on 04/29/24, a 52-week low of $59.38 was recorded on 02/20/24. SMA at 50 days reached $130.29, while 200 days put it at $111.76. A total of 2.66 million shares were traded, compared to the trading of 2.76 million shares in the previous session.

Levels Of Support And Resistance For RCL Stock

The 24-hour chart illustrates a support level at 140.41, which if violated will result in even more drops to 137.47. On the upside, there is a resistance level at 144.96. A further resistance level may holdings at 146.56. The Relative Strength Index (RSI) on the 14-day chart is 68.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 7.78, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.38%. Stochastics %K at 91.52% indicates the stock is a selling.

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