Cruise Stock Edges Lower Despite Fresh Analyst Praise

NCLH has added more than 22% quarter-to-date, though

Digital Content Manager
Sep 6, 2022 at 10:28 AM
facebook twitter linkedin


Norwegian Cruise Line Holdings Ltd (NYSE:NCLH) is struggling for direction, last seen down 1.3% at $12.88, despite becoming one of Stifel's top picks. The brokerage highlighted the travel concern's attractive risk-reward profile, noting recent weakness could serve as a "long-term buying opportunity," with bookings accelerating significantly in the last couple of weeks.

Analysts are mostly skeptical towards Norwegian Cruise Line stock, with six of the 10 in question sporting a "hold" rating. Meanwhile, the 40.54 million shares sold short make up a solid 9.7% of NCLH's available float.

Both of the security's August rallies fell short of the $14.80 level, though each time a floor at the $12.50 region swooped in to contain additional losses. The shares have enjoyed support form the 40-day moving average over the past month, too, and sport a 19.9% quarter-to-date lead, with a 35.7% deficit so far in 2022.

The options pits are fiercely pessimistic. This is per the equity's 10-day put /call volume ratio of 1.20 over at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), which sits in the 98th percentile of its annual range. This means puts have been more popular than usual over the past two weeks.

 

Minimize Risk While Maximizing Profits

There is no options strategy like this one, which consistently minimizes risk while maintaining maximum profits. Perfect for traders looking for ways to control risk, reduce losses, and increase the likelihood of success when trading calls and puts. The Schaeffer’s team has over 41 years of options trading success targeting +100% gains on every trade. Rest assured your losses are effectively limited to your initial cost at the time of making your move! Don't waste another second... join us right now before the next trade is released! 

 

300x250 - Banner 3 - v1