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royal caribbean cruises sees significant insider trading and institutional investment growth
Royal Caribbean Cruises' executive vice president now holds 22,348 shares valued at over $5.24 million after a 12.72% reduction in ownership. In the past 90 days, insiders sold 372,609 shares worth nearly $87.65 million, while institutional investors own 87.53% of the stock. UBS Group raised its target price for RCL from $271 to $301, indicating a potential upside of 15.28%.
royal caribbean cruises sees insider sales and institutional investment activity
Insiders sold 372,609 shares of Royal Caribbean Cruises stock worth $87.6 million last quarter, with corporate insiders owning 7.95% of the company. Institutional investors hold 87.53% of the stock, and Barclays recently raised its price target for RCL to $308, indicating a potential upside of 16.36%. The stock currently has a "Moderate Buy" rating, with an average target price of $254.94.
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