This Is What Whales Are Betting On Royal Caribbean Gr
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bearish sentiment towards Royal Caribbean Gr (NYSE:RCL), with options activity indicating a focus on a price band between $125.0 and $140.0. The tracking of public options records by Benzinga revealed a significant move, with 66% of the activity being bearish. The company, the world's second-largest cruise operator, has seen its stock price slightly decrease by -0.5% to $137.6. The next earnings report is expected in 23 days, and the RSI indicators suggest the stock may be approaching overbought territory.
April 09, 2024 | 2:01 pm
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Deep-pocketed investors are bearish on Royal Caribbean, with significant options activity targeting a price range of $125-$140. The stock has slightly decreased to $137.6, and the next earnings report is due in 23 days.
The bearish sentiment among significant investors, as indicated by the options activity, suggests a potential downward pressure on RCL's stock price in the short term. The focus on a specific price band and the upcoming earnings report further contribute to this outlook. The slight decrease in stock price and the RSI indicators nearing overbought territory support the bearish sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100