Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Royal Caribbean Group shares valued at $4,062,662 were sold by Kulovaara Harri U on Nov 05 ’24. At $209.58 per share, Kulovaara Harri U sold 19,385 shares. The insider’s holdings dropped to 25,604 shares worth approximately $6.0 million following the completion of this transaction.
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Also, HARRI KULOVAARA purchased 19,385 shares, netting a total of over 4,062,662 in proceeds.
Before that, Pujol Henry L had sold 6,723 shares from its account. In a trade valued at $1,401,813, the Chief Accounting Officer traded Royal Caribbean Group shares for $208.51 each. Upon closing the transaction, the insider’s holdings decreased to 6,723 shares, worth approximately $2.33 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 3.36%. Over the course of the year, Royal Caribbean Group shares have jumped approximately 80.90%. Shares of the company reached a 52-week high of $238.10 on 11/13/24 and a 52-week low of $113.10 on 02/20/24. A 50-day SMA is recorded $190.66, while a 200-day SMA reached $155.27. Nevertheless, trading volume fell to 1.84 million shares from 2.22 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 231.87, which, if violated, would cause prices to drop to 229.50. In the upper region, resistance lies at 237.36. The next price resistance is at 240.48. RSI (Relative Strength Index) is 73.09 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 19.40, which suggests the price will increase in the coming days. Percent R is at 9.42%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
