Norwegian Cruise Line Holdings Ltd’s filing revealed that its Former Chairman Russell W. Galbut acquired Company’s shares for reported $2.61 million on Oct 10 ’24. In the deal valued at $20.80 per share,125,275 shares were bought.
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Then, Russell W. Galbut bought 200,000 shares, generating $4,178,000 in total proceeds.
Before that, Farkas Daniel S sold 30,000 shares. Norwegian Cruise Line Holdings Ltd shares valued at $542,760 were divested by the EVP GC, CDO & Sec’y at a price of $18.09 per share. As a result of the transaction, Farkas Daniel S now holds 259,777 shares, worth roughly $6.07 million.
Citigroup upgraded its Norwegian Cruise Line Holdings Ltd [NCLH] rating to a Buy from a a Neutral in a research note published on October 09, 2024; the price target was increased to $30 from $20. A number of analysts have revised their coverage, including Truist’s analysts, who increased its forecast for the stock in late May from “a Hold” to “a Buy”. Mizuho also remained covering NCLH and has increased its forecast on May 28, 2024 with a “Buy” recommendation from previously “Neutral” rating. Mizuho started covering the stock on March 26, 2024. It rated NCLH as “a Neutral”.
Price Performance Review of NCLH
On Friday, Norwegian Cruise Line Holdings Ltd [NYSE:NCLH] saw its stock jump 1.56% to $23.38. Over the last five days, the stock has gained 14.66%. Norwegian Cruise Line Holdings Ltd shares have risen nearly 16.67% since the year began. Nevertheless, the stocks have risen 49.30% over the past one year. While a 52-week high of $23.37 was reached on 10/11/24, a 52-week low of $12.70 was recorded on 08/05/24. SMA at 50 days reached $18.39, while 200 days put it at $18.14.
Levels Of Support And Resistance For NCLH Stock
The 24-hour chart illustrates a support level at 23.07, which if violated will result in even more drops to 22.75. On the upside, there is a resistance level at 23.76. A further resistance level may holdings at 24.13. The Relative Strength Index (RSI) on the 14-day chart is 73.26, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.18, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 9.69%. Stochastics %K at 93.44% indicates the stock is a selling.
How much short interest is there in Norwegian Cruise Line Holdings Ltd?
A steep rise in short interest was recorded in Norwegian Cruise Line Holdings Ltd stocks on 2024-09-30, dropping by -2.49 million shares to a total of 26.86 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 29.35 million shares. There was a decline of -9.27%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on March 13, 2024 when Goldman began covering the stock and recommended ‘”a Neutral”‘ rating along with a $19 price target.
