The stock of Royal Caribbean Cruises Ltd (RCL) formed an up wedge with $122.24 target or 33.00% above today’s $91.91 share price. The 9 months wedge indicates low risk for the $20.71B company. If the $122.24 price target is reached, the company will be worth $6.83B more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%. The stock decreased 2.46% or $2.32 during the last trading session, hitting $91.91. About 2.86 million shares traded hands or 63.43% up from the average. Royal Caribbean Cruises Ltd (NYSE:RCL) has risen 30.06% since May 8, 2015 and is uptrending. It has outperformed by 33.08% the S&P500.
Out of 22 analysts covering Royal Caribbean Cruises Ltd. (NYSE:RCL), 21 rate it “Buy”, 3 “Sell”, while 5 “Hold”. This means 72% are positive. $120 is the highest target while $65.54 is the lowest. The $102.05 average target is 16.96% above today’s ($91.91) stock price. Royal Caribbean Cruises Ltd. was the topic in 13 analyst reports since August 3, 2015 according to StockzIntelligence Inc. Wolfe Research initiated the stock on November 18 with “Outperform” rating.
According to Zacks Investment Research, “Royal Caribbean Cruises Ltd. is a global cruise vacation company that operates Royal Caribbean International, Celebrity Cruises, and Royal Celebrity Tours. Royal Celebrity Tours operates cruise tour vacations in Alaska utilizing the world’s largest glass-domed railcars.” Get a free copy of the Zacks research report on Royal Caribbean Cruises Ltd (RCL).
The institutional sentiment increased to 1.19 in 2015 Q3. Its up 0.15, from 1.04 in 2015Q2. The ratio is positive, as 51 funds sold all Royal Caribbean Cruises Ltd shares owned while 143 reduced positions. 75 funds bought stakes while 156 increased positions. They now own 137.34 million shares or 7.19% less from 147.98 million shares in 2015Q2.
Cranberry Lake Advisors Llc holds 19.06% of its portfolio in Royal Caribbean Cruises Ltd for 322,325 shares. Folketrygdfondet owns 5.13 million shares or 13.79% of their US portfolio. Moreover, Majedie Asset Management Ltd has 7.72% invested in the company for 566,770 shares. The Massachusetts-based Altimeter Capital Management Lp has invested 7.07% in the stock. Tremblant Capital Group, a New York-based fund reported 994,528 shares.
Since June 1, 2015, the stock had 0 insider purchases, and 8 selling transactions for $32.43 million net activity. Fain Richard D sold 80,516 shares worth $7.96M. Goldstein Adam M sold 90,000 shares worth $8.90M. Lutoff-Perlo Lisa sold 205 shares worth $18,245. Pimentel Lawrence R sold 7,000 shares worth $637,000. The insider Pujol Henry L sold 7,474 shares worth $665,741.
More important recent Royal Caribbean Cruises Ltd (NYSE:RCL) news were published by: Fool.com which released: “Royal Caribbean Cruises Ltd Earnings: Sales Strong as Company Sees Weakness in …” on October 26, 2015, also Fool.com published article titled: “2 Best Leisure Stocks: Royal Caribbean Cruises Ltd and Expedia Inc”, Prnewswire.com published: “Royal Caribbean Cruises Ltd. Announces Accelerated Share Repurchase” on October 23, 2015. More interesting news about Royal Caribbean Cruises Ltd (NYSE:RCL) was released by: Thestreet.com and their article: “Pre-Market Laggard: Royal Caribbean Cruises (RCL)” with publication date: November 24, 2015.
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