Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Royal Caribbean Group shares valued at $518,446 were sold by BETHGE LAURA H on Aug 29 ’24. At $168.71 per share, BETHGE LAURA H sold 3,073 shares. The insider’s holdings dropped to 27,388 shares worth approximately $5.53 million following the completion of this transaction.
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Also, LAURA BETHGE purchased 3,073 shares, netting a total of over 518,446 in proceeds.
Before that, Sorensen Vagn O had sold 5,800 shares from its account. In a trade valued at $919,300, the Director traded Royal Caribbean Group shares for $158.50 each. Upon closing the transaction, the insider’s holdings decreased to 5,800 shares, worth approximately $5.21 million.
As published in a research note from Citigroup on October 09, 2024, Royal Caribbean Group [RCL] has been retained to a Buy and the price target has been revised to $253. Analysts at Mizuho started covering the stock with ‘”a Buy”‘ outlook in a report released in mid April. As of March 13, 2024, Goldman has initiated its “Buy” rating for RCL.
Analyzing RCL Stock Performance
During the last five days, there has been a surge of approximately 4.51%. Over the course of the year, Royal Caribbean Group shares have jumped approximately 55.80%. Shares of the company reached a 52-week high of $204.37 on 10/15/24 and a 52-week low of $113.10 on 02/20/24. A 50-day SMA is recorded $169.69, while a 200-day SMA reached $146.47. Nevertheless, trading volume fell to 1.36 million shares from 2.85 million shares the previous day.
Support And Resistance Levels for Royal Caribbean Group (RCL)
According to the 24-hour chart, there is a support level at 200.45, which, if violated, would cause prices to drop to 199.16. In the upper region, resistance lies at 203.19. The next price resistance is at 204.64. RSI (Relative Strength Index) is 76.99 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 14.45, which suggests the price will increase in the coming days. Percent R is at 7.71%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
