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 $2,605,720 were purchased by Russell W. Galbut on Oct 10 ’24. At $20.80 per share, Russell W. Galbut acquired 125,275 shares.
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Also, Russell W. Galbut purchased 200,000 shares, netting a total of over 4,178,000 in proceeds.
Before that, Farkas Daniel S had sold 30,000 shares from its account. In a trade valued at $542,760, the EVP GC, CDO & Sec’y traded Norwegian Cruise Line Holdings Ltd shares for $18.09 each. Upon closing the transaction, the insider’s holdings decreased to 30,000 shares, worth approximately $6.38 million.
As published in a research note from Citigroup on October 09, 2024, Norwegian Cruise Line Holdings Ltd [NCLH] has been rated up from a Neutral to a Buy and the price target has been revised to $30 from $20. Analysts at Truist upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in late May. As of May 28, 2024, Mizuho has increased its “Neutral” rating to a “Buy” for NCLH. Earlier on March 26, 2024, Mizuho 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 6.46%. Over the course of the year, Norwegian Cruise Line Holdings Ltd shares have jumped approximately 22.55%. Shares of the company reached a 52-week high of $24.80 on 10/16/24 and a 52-week low of $14.69 on 08/05/24. A 50-day SMA is recorded $18.90, while a 200-day SMA reached $18.20. Nevertheless, trading volume fell to 9.7 million shares from 14.67 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 24.20, which, if violated, would cause prices to drop to 23.84. In the upper region, resistance lies at 24.86. The next price resistance is at 25.15. RSI (Relative Strength Index) is 77.40 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.38, which suggests the price will increase in the coming days. Percent R is at 4.26%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
