Continued Level of Significant Insider Selling at Carnival (CUK)

Wednesday, October 18, 2017 10:15 PM ET

Continued Level of Significant Insider Selling at Carnival (CUK)

An insider sold 90,903 shares of Carnival having a market value of approximately $6,127,589 today, as revealed in a form 4 document filed with the SEC. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 30,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 120,903 shares and have averaged 60,452 shares per transaction over this time period.

The number of insider buy/sell trades at Carnival is lower than that of the 4 peer company average over the last 90-day period. The Cruise Lines peer group saw 14 buy/sell trades during this period for an average of 3.5 transactions per company. This trading also represents a lower number of shares per transaction. Within the peer group there were 0 shares purchased and 13,609,306 shares sold with company insiders selling 972,093 shares on average over this time period.

Insider buying and selling activity that is significant has been determined by eliminating 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 in creating and writing 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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