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Insider Sale Alert: Royal Caribbean Group [RCL] – Is it Time to sell?

Royal Caribbean Group’s filing revealed that its EVP, Maritime Kulovaara Harri U unloaded Company’s shares for reported $0.76 million on Nov 20 ’24. In the deal valued at $234.62 per share,3,256 shares were sold. As a result of this transaction, Kulovaara Harri U now holds 22,348 shares worth roughly $5.5 million.

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Then, Wilhelmsen Arne Alexander sold 250,000 shares, generating $58,861,479 in total proceeds. Upon selling the shares at $235.45, the Director now owns 18,306,860 shares.

Before that, Wilhelmsen Arne Alexander sold 230,000 shares. Royal Caribbean Group shares valued at $53,733,180 were divested by the Director at a price of $233.62 per share. As a result of the transaction, Wilhelmsen Arne Alexander now holds 18,556,860 shares, worth roughly $4.56 billion.

Bernstein initiated its Royal Caribbean Group [RCL] rating to an Outperform in a research note published on November 26, 2024; the price target was $290. A number of analysts have revised their coverage, including Citigroup’s analysts, who remained covering the stock and in early October has reiterated a ‘”a Buy”‘ rating for it. Mizuho began covering RCL with “Buy” recommendation on April 17, 2024. Goldman started covering the stock on March 13, 2024. It rated RCL as “a Buy”.

Price Performance Review of RCL

On Tuesday, Royal Caribbean Group [NYSE:RCL] saw its stock fall -0.21% to $245.90. Over the last five days, the stock has gained 2.29%. Royal Caribbean Group shares have risen nearly 89.90% since the year began. Nevertheless, the stocks have risen 122.07% over the past one year. While a 52-week high of $249.52 was reached on 12/02/24, a 52-week low of $110.66 was recorded on 02/20/24. SMA at 50 days reached $209.69, while 200 days put it at $163.01.

Levels Of Support And Resistance For RCL Stock

The 24-hour chart illustrates a support level at 243.43, which if violated will result in even more drops to 240.95. On the upside, there is a resistance level at 248.63. A further resistance level may holdings at 251.35. The Relative Strength Index (RSI) on the 14-day chart is 73.24, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.67, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 14.95%. Stochastics %K at 87.75% indicates the stock is a selling.

How much short interest is there in Royal Caribbean Group?

A steep rise in short interest was recorded in Royal Caribbean Group stocks on 2024-11-15, growing by 0.72 million shares to a total of 12.12 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 11.4 million shares. There was a rise of 5.94%, which implies that there is a positive sentiment for the stock.

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