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 X logo 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.

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI