Insider Sale at Royal Caribbean Cruises (RCL) Continues Selling Trend

Monday, October 16, 2017 10:15 PM ET

Insider Sale at Royal Caribbean Cruises (RCL) Continues Selling Trend

A filing with the SEC today revealed a notable insider sale of Royal Caribbean Cruises shares as — Richard D Fain, Director and Officer — sold 20,000 shares in the company having a market value of approximately $2,514,000. 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 sale of 392,499 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 412,499 shares and have averaged 82,500 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at Royal Caribbean Cruises is greater than its 4-company peer group average. The Cruise Lines peer group saw 13 buy/sell trades during this period for an average of 3.3 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 13,589,306 shares sold with company insiders disposing of 1,045,331 shares on average over this time period.

The data sourced in creating 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 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.

For more information, contact UpTick at Copyright 2017 UpTick Data Technologies. All rights reserved.

This entry was posted in InsiderNews and tagged , , , , . Bookmark the permalink.