The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. 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 $5.37 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 $4.46 billion.
As published in their initiating research note from Bernstein on November 26, 2024, Royal Caribbean Group [RCL] has been an Outperform and the price target has been revised to $290. Analysts at Citigroup resumed the stock at ‘”a Buy”‘ outlook in a report released in early October. As of April 17, 2024, Mizuho has initiated its “Buy” rating for RCL. Earlier on March 13, 2024, Goldman initiated its rating. Their recommendation was “a Buy” for RCL stock.
Analyzing RCL Stock Performance
During the last five days, there has been a drop of approximately -0.77%. Over the course of the year, Royal Caribbean Group shares have jumped approximately 85.50%. Shares of the company reached a 52-week high of $258.70 on 12/09/24 and a 52-week low of $113.10 on 02/20/24. A 50-day SMA is recorded $227.91, while a 200-day SMA reached $172.02. Nevertheless, trading volume fell to 0.51 million shares from 1.18 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 237.85, which, if violated, would cause prices to drop to 235.40. In the upper region, resistance lies at 241.73. The next price resistance is at 243.16. RSI (Relative Strength Index) is 53.48 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.91, which suggests the price will decrease in the coming days. Percent R is at 59.74%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
