Royal Caribbean Group’s recent filing unveils that its President, Celebrity Cruises BETHGE LAURA H unloaded Company’s shares for reported $0.52 million on Aug 29 ’24. In the deal valued at $168.71 per share,3,073 shares were sold. As a result of this transaction, BETHGE LAURA H now holds 27,388 shares worth roughly $4.91 million.
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Then, LAURA BETHGE bought 3,073 shares, generating $518,446 in total proceeds.
Before that, Sorensen Vagn O sold 5,800 shares. Royal Caribbean Group shares valued at $919,300 were divested by the Director at a price of $158.50 per share. As a result of the transaction, Sorensen Vagn O now holds 25,837 shares, worth roughly $4.64 million.
Mizuho initiated its Royal Caribbean Group [RCL] rating to a Buy in a research note published on April 17, 2024; the price target was $164. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in mid March with a ‘”a Buy”‘ rating. HSBC Securities started covering the stock on October 23, 2023. It rated RCL as “a Buy”.
Price Performance Review of RCL
On Friday, Royal Caribbean Group [NYSE:RCL] saw its stock jump 3.63% to $179.44. Over the last five days, the stock has gained 1.07%. Royal Caribbean Group shares have risen nearly 38.57% since the year began. Nevertheless, the stocks have risen 100.81% over the past one year. While a 52-week high of $184.41 was reached on 09/26/24, a 52-week low of $78.35 was recorded on 02/20/24. SMA at 50 days reached $162.75, while 200 days put it at $143.83.
Levels Of Support And Resistance For RCL Stock
The 24-hour chart illustrates a support level at 176.92, which if violated will result in even more drops to 174.41. On the upside, there is a resistance level at 181.03. A further resistance level may holdings at 182.63. The Relative Strength Index (RSI) on the 14-day chart is 61.61, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.57, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 30.03%. Stochastics %K at 50.50% indicates the stock is a holding.
How much short interest is there in Royal Caribbean Group?
A steep rise in short interest was recorded in Royal Caribbean Group stocks on 2024-09-13, dropping by -4.9 million shares to a total of 10.58 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 15.48 million shares. There was a decline of -46.33%, which implies that there is a negative sentiment for the stock.
