Royal Caribbean Cruises (RCL) Insider Makes Significant Share Sale

Wednesday, September 13, 2017 10:15 PM ET

Royal Caribbean Cruises (RCL) Insider Makes Significant Share Sale

A substantial insider sale of the shares of Royal Caribbean Cruises was revealed in a form 4 document filed with the SEC today, showing — Richard D Fain, Director and Officer — disposed of 20,000 shares in the company having a market value of approximately $2,425,758. There have been 4 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 412,499 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 432,499 shares and have averaged 86,500 shares per transaction over this time period.

The number of insider buy/sell trades at Royal Caribbean Cruises is above that of the 4 peer company average over the last 90-day period. The Cruise Lines peer group saw 16 buy/sell trades during this period for an average of 4.0 transactions per company. However, the number of shares traded per transaction by Royal Caribbean Cruises insiders is lower than its peers. Within the peer group there were 0 shares purchased and 13,637,074 shares sold with company insiders having sold 852,317 shares on average over this time period.

In order to focus on significant insider buying and selling activity, 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 has been eliminated data obtained to evaluate and write this story.

Using proprietary Natural Language Generation (NLG) technology, 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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