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Recent Insider Activity Suggests Potential Gains for Norwegian Cruise Line Holdings Ltd (NCLH)

Norwegian Cruise Line Holdings Ltd’s recently made public that its EVP & CFO Kempa Mark unloaded Company’s shares for reported $0.4 million on Mar 08 ’24. In the deal valued at $20.01 per share,19,965 shares were sold. As a result of this transaction, Kempa Mark now holds 268,386 shares worth roughly $4.19 million.

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Then, Farkas Daniel S sold 38,000 shares, generating $739,366 in total proceeds. Upon selling the shares at $19.46, the EVP Gen. Counsel & Asst. Sec’y now owns 244,261 shares.

Before that, Ashby Faye L. sold 15,811 shares. Norwegian Cruise Line Holdings Ltd shares valued at $307,587 were divested by the SVP & Chief Accounting Officer at a price of $19.45 per share. As a result of the transaction, Ashby Faye L. now holds 174,619 shares, worth roughly $2.73 million.

Mizuho initiated its Norwegian Cruise Line Holdings Ltd [NCLH] rating to a Neutral in a research note published on March 26, 2024; the price target was $21. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in mid March with a ‘”a Neutral”‘ rating. Wells Fargo also remained covering NCLH and has decreased its forecast on January 05, 2024 with a “an Equal weight” recommendation from previously “an Overweight” rating. Redburn Atlantic revised its rating on September 14, 2023. It rated NCLH as “an Overweight” which previously was an “a Neutral”.

Price Performance Review of NCLH

On Tuesday, Norwegian Cruise Line Holdings Ltd [NYSE:NCLH] saw its stock fall -1.39% to $15.62. Over the last five days, the stock has gained 0.13%. Norwegian Cruise Line Holdings Ltd shares have fallen nearly -22.06% since the year began. Nevertheless, the stocks have risen 17.98% over the past one year. While a 52-week high of $22.75 was reached on 03/27/24, a 52-week low of $12.70 was recorded on 05/08/24. SMA at 50 days reached $18.69, while 200 days put it at $17.25. A total of 28.72 million shares were traded, compared to the trading of 10.85 million shares in the previous session.

Levels Of Support And Resistance For NCLH Stock

The 24-hour chart illustrates a support level at 15.48, which if violated will result in even more drops to 15.33. On the upside, there is a resistance level at 15.90. A further resistance level may holdings at 16.17. The Relative Strength Index (RSI) on the 14-day chart is 32.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.41%. Stochastics %K at 9.06% indicates the stock is a buying.

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