Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Royal Caribbean Group shares valued at $763,923 were sold by Kulovaara Harri U on Nov 20 ’24. At $234.62 per share, Kulovaara Harri U sold 3,256 shares. The insider’s holdings dropped to 22,348 shares worth approximately $5.31 million following the completion of this transaction.
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Also, Wilhelmsen Arne Alexander sold 250,000 shares, netting a total of over 58,861,479 in proceeds. Following the sale of shares at $235.45 each, the insider now holds 18,306,860 shares.
Before that, Wilhelmsen Arne Alexander had sold 230,000 shares from its account. In a trade valued at $53,733,180, the Director traded Royal Caribbean Group shares for $233.62 each. Upon closing the transaction, the insider’s holdings decreased to 230,000 shares, worth approximately $4.41 billion.
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 1.96%. Over the course of the year, Royal Caribbean Group shares have jumped approximately 83.47%. Shares of the company reached a 52-week high of $239.39 on 11/21/24 and a 52-week low of $113.10 on 02/20/24. A 50-day SMA is recorded $199.53, while a 200-day SMA reached $158.60. Nevertheless, trading volume fell to 1.4 million shares from 1.88 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 235.50, which, if violated, would cause prices to drop to 233.44. In the upper region, resistance lies at 239.51. The next price resistance is at 241.46. RSI (Relative Strength Index) is 73.18 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 7.58, which suggests the price will increase in the coming days. Percent R is at 4.62%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
