Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Norwegian Cruise Line Holdings Ltd shares valued at $220,440 were purchased by Byng-Thorne Zillah on May 31 ’24. At $16.50 per share, Byng-Thorne Zillah acquired 13,360 shares. The insider’s holdings grew to 13,360 shares worth approximately $0.25 million following the completion of this transaction.
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Also, Cil Jose E. purchased 20,000 shares, netting a total of over 327,500 in proceeds. Following the buying of shares at $16.38 each, the insider now holds 40,000 shares.
Before that, Kempa Mark had sold 19,965 shares from its account. In a trade valued at $399,532, the EVP & CFO traded Norwegian Cruise Line Holdings Ltd shares for $20.01 each. Upon closing the transaction, the insider’s holdings decreased to 19,965 shares, worth approximately $4.95 million.
As published in a research note from Truist on May 29, 2024, Norwegian Cruise Line Holdings Ltd [NCLH] has been rated up from a Hold to a Buy and the price target has been revised to $21 from $20. Analysts at Mizuho upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late May. As of March 26, 2024, Mizuho has initiated its “Neutral” rating for NCLH. Earlier on March 13, 2024, Goldman initiated its rating. Their recommendation was “a Neutral” for NCLH stock.
Analyzing NCLH Stock Performance
During the last five days, there has been a surge of approximately 11.83%. Over the course of the year, Norwegian Cruise Line Holdings Ltd shares have dropped approximately -7.98%. Shares of the company reached a 52-week high of $21.73 on 03/27/24 and a 52-week low of $15.47 on 05/08/24. A 50-day SMA is recorded $17.70, while a 200-day SMA reached $17.13. Nevertheless, trading volume fell to 16.14 million shares from 15.19 million shares the previous day.
Support And Resistance Levels for Norwegian Cruise Line Holdings Ltd (NCLH)
According to the 24-hour chart, there is a support level at 17.95, which, if violated, would cause prices to drop to 17.45. In the upper region, resistance lies at 18.71. The next price resistance is at 18.97. RSI (Relative Strength Index) is 63.82 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.19, which suggests the price will increase in the coming days. Percent R is at 1.36%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
