Following these proceedings, Barclays initiated its Viking Holdings Ltd. [VIK] rating to an Overweight in a research note published on July 02, 2024; the price target was $39. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who began to cover the stock in late June with a ‘”a Buy”‘ rating. Truist began covering VIK with “Hold” recommendation on June 21, 2024. Wells Fargo started covering the stock on May 28, 2024. It rated VIK as “an Overweight”.
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Price Performance Review of VIK
On Tuesday, Viking Holdings Ltd. [NYSE:VIK] saw its stock fall -1.12% to $34.50. Over the last five days, the stock has lost -0.83%. Viking Holdings Ltd. shares have risen nearly 32.18% since the year began.
Levels Of Support And Resistance For VIK Stock
The 24-hour chart illustrates a support level at 33.90, which if violated will result in even more drops to 33.30. On the upside, there is a resistance level at 35.06. A further resistance level may holdings at 35.61. The Relative Strength Index (RSI) on the 14-day chart is 54.47, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.86, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 19.17%. Stochastics %K at 90.08% indicates the stock is a selling.
How much short interest is there in Viking Holdings Ltd.?
A steep rise in short interest was recorded in Viking Holdings Ltd. stocks on 2024-09-13, growing by 0.97 million shares to a total of 2.38 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 1.41 million shares. There was a rise of 40.83%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on May 28, 2024 when UBS began covering the stock and recommended ‘”a Buy”‘ rating along with a $35 price target.
