Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Royal Caribbean Group shares valued at $7,258,719 were sold by Bayley Michael W on May 20 ’24. At $147.67 per share, Bayley Michael W sold 49,155 shares. The insider’s holdings dropped to 49,695 shares worth approximately $7.27 million following the completion of this transaction.
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Also, Bayley Michael W sold 24,201 shares, netting a total of over 3,393,222 in proceeds. Following the sale of shares at $140.21 each, the insider now holds 98,850 shares.
Before that, Pujol Henry L had sold 9,944 shares from its account. In a trade valued at $1,404,391, the Chief Accounting Officer traded Royal Caribbean Group shares for $141.23 each. Upon closing the transaction, the insider’s holdings decreased to 9,944 shares, worth approximately $2.44 million.
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 surge of approximately 2.41%. Over the course of the year, Royal Caribbean Group shares have jumped approximately 12.99%. Shares of the company reached a 52-week high of $150.90 on 05/20/24 and a 52-week low of $113.10 on 02/20/24. A 50-day SMA is recorded $137.05, while a 200-day SMA reached $115.24. Nevertheless, trading volume fell to 2.45 million shares from 2.19 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 144.69, which, if violated, would cause prices to drop to 143.08. In the upper region, resistance lies at 148.39. The next price resistance is at 150.48. RSI (Relative Strength Index) is 61.15 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.68, which suggests the price will increase in the coming days. Percent R is at 39.23%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
