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 $542,760 were sold by Farkas Daniel S on Aug 27 ’24. At $18.09 per share, Farkas Daniel S sold 30,000 shares. The insider’s holdings dropped to 259,777 shares worth approximately $5.25 million following the completion of this transaction.
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Also, Sommer Harry sold 25,000 shares, netting a total of over 452,358 in proceeds. Following the sale of shares at $18.09 each, the insider now holds 549,129 shares.
Before that, Harry J. Sommer had added 25,000 shares to its account. In a trade valued at $452,250, the Officer bought Norwegian Cruise Line Holdings Ltd shares for $18.09 each.
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 6.20%. Over the course of the year, Norwegian Cruise Line Holdings Ltd shares have jumped approximately 0.85%. Shares of the company reached a 52-week high of $21.73 on 03/27/24 and a 52-week low of $14.69 on 08/05/24. A 50-day SMA is recorded $17.82, while a 200-day SMA reached $18.02. Nevertheless, trading volume fell to 12.32 million shares from 17.27 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 19.90, which, if violated, would cause prices to drop to 19.58. In the upper region, resistance lies at 20.53. The next price resistance is at 20.85. RSI (Relative Strength Index) is 72.53 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.45, which suggests the price will increase in the coming days. Percent R is at 8.62%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
