Royal Caribbean Cruises Ltd. (RCL) A Stock to Buy on Insider Confidence?

The Royal Caribbean Cruises Ltd. (NYSE:RCL) bulls won the day, but the reality is that the 1.26 points or 1.1 percent advance gave very little definitive technical indication of where the stock could be headed next. On 11 February, the shares traded at $116.1 with a light trade volume of 1.558 million shares. After opening the session at $116.11, the shares went as high as $117.1 and as low as $115.6357, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $24.4 billion and now has 209.89 million shares outstanding. Royal Caribbean Cruises Ltd. (RCL) stock has gained 10.68 percent of market value in 21 trading days.

RCL stock has a trailing 3-year beta of 1.58, offering the possibility of a higher rate of return, but also…

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