Friday, December 29, 2017 10:15 PM ET
Insiders at Carnival (CCL) Make Significant Stock Sales Extends the Trend of Last Quarter
SEC filings today reported substantial insider sales of Carnival shares as three insiders — Arnaldo Perez, Officer, Stein Kruse, Officer, and David Bernstein, Officer — disposed of 127,285 shares in the company having a market value of approximately $8,484,724. There was one insider buy/sell transaction in the past 90 days prior to these transactions which resulted in the sale of 106,903 shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 234,188 shares and have averaged 58,547 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 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 Carnival insiders is lower than its peers. Within the peer group there were 0 shares purchased and 5,283,614 shares sold with company insiders disposing of 406,432 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.
Today’s Insider Activity
* Arnaldo Perez, Officer, sold 15,166 shares
* Stein Kruse, Officer, sold 60,665 shares
* David Bernstein, Officer, sold 51,454 shares
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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