Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Royal Caribbean Group shares valued at $5,250,500 were purchased by Fain Richard D on Oct 30 ’24. At $210.02 per share, Fain Richard D acquired 25,000 shares.
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Also, BETHGE LAURA H sold 3,073 shares, netting a total of over 518,446 in proceeds. Following the sale of shares at $168.71 each, the insider now holds 27,388 shares.
Before that, LAURA BETHGE had added 3,073 shares to its account. In a trade valued at $518,446, the Officer bought Royal Caribbean Group shares for $168.71 each.
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 3.59%. Over the course of the year, Royal Caribbean Group shares have jumped approximately 60.91%. Shares of the company reached a 52-week high of $214.12 on 10/29/24 and a 52-week low of $113.10 on 02/20/24. A 50-day SMA is recorded $179.15, while a 200-day SMA reached $150.54. Nevertheless, trading volume fell to 3.41 million shares from 4.13 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 206.48, which, if violated, would cause prices to drop to 204.59. In the upper region, resistance lies at 210.84. The next price resistance is at 213.32. RSI (Relative Strength Index) is 72.07 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.32, which suggests the price will increase in the coming days. Percent R is at 28.24%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
