The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Royal Caribbean Group shares valued at $1,153,045 were sold by Lake Robert Alexander on Jun 03 ’24. At $148.78 per share, Lake Robert Alexander sold 7,750 shares. The insider’s holdings dropped to 19,647 shares worth approximately $3.05 million following the completion of this transaction.
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Also, Bayley Michael W sold 49,155 shares, netting a total of over 7,258,719 in proceeds. Following the sale of shares at $147.67 each, the insider now holds 49,695 shares.
Before that, Bayley Michael W had sold 24,201 shares from its account. In a trade valued at $3,393,222, the Pres&CEO, Royal Caribbean Intl traded Royal Caribbean Group shares for $140.21 each. Upon closing the transaction, the insider’s holdings decreased to 24,201 shares, worth approximately $15.35 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 0.47%. Over the course of the year, Royal Caribbean Group shares have jumped approximately 19.92%. Shares of the company reached a 52-week high of $157.58 on 06/12/24 and a 52-week low of $113.10 on 02/20/24. A 50-day SMA is recorded $141.92, while a 200-day SMA reached $118.83. Nevertheless, trading volume fell to 1.2 million shares from 1.49 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 153.48, which, if violated, would cause prices to drop to 151.68. In the upper region, resistance lies at 157.13. The next price resistance is at 158.99. RSI (Relative Strength Index) is 62.67 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.84, which suggests the price will increase in the coming days. Percent R is at 16.87%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
