Tuesday, August 01, 2017 10:15 PM ET
Carnival (CUK) sees Significant Insider Selling Continuing
There was a significant sale of shares of Carnival by an insider today, as indicated in a form 4 document filed with the SEC. One insider — Alan Buckelew, Officer — sold 15,000 shares in the company having a market value of approximately $1,005,353. There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 27,768 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 42,768 shares and have averaged 14,256 shares per transaction over this time period.
The number of insider buy/sell trades at Carnival is greater than that of the 4 peer company average over the last 90-day period. The Cruise Lines peer group saw 7 buy/sell trades during this period for an average of 1.8 transactions per company. However, the number of shares traded per transaction by Carnival insiders is lower than its peers. Within the peer group there were 0 shares purchased and 117,768 shares sold with company insiders selling 16,824 shares on average over this time period.
The data used in composing and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.
Using proprietary artificial intelligence methods, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.
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