Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Norwegian Cruise Line Holdings Ltd shares valued at $4,178,000 were purchased by Russell W. Galbut on Sep 23 ’24. At $20.89 per share, Russell W. Galbut acquired 200,000 shares.
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Also, Farkas Daniel S sold 30,000 shares, netting a total of over 542,760 in proceeds. Following the sale of shares at $18.09 each, the insider now holds 259,777 shares.
Before that, Sommer Harry had sold 25,000 shares from its account. In a trade valued at $452,358, the Pres. & CEO of NCLH traded Norwegian Cruise Line Holdings Ltd shares for $18.09 each. Upon closing the transaction, the insider’s holdings decreased to 25,000 shares, worth approximately $11.58 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 4.30%. Over the course of the year, Norwegian Cruise Line Holdings Ltd shares have jumped approximately 5.19%. 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 $17.93, while a 200-day SMA reached $18.08. Nevertheless, trading volume fell to 18.02 million shares from 11.35 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 20.59, which, if violated, would cause prices to drop to 20.11. In the upper region, resistance lies at 21.57. The next price resistance is at 22.07. RSI (Relative Strength Index) is 70.15 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.02, which suggests the price will increase in the coming days. Percent R is at 10.29%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
