Insiders at Carnival (CUK) Make Significant Stock Sales Extends the Trend of Last Quarter

Friday, December 29, 2017 10:15 PM ET

Insiders at Carnival (CUK) Make Significant Stock Sales Extends the Trend of Last Quarter

Carnival, today, saw four insiders — Perez, Kruse, Bernstein, and Thamm — dispose 155,285 shares having a market value of approximately $10,349,244, as revealed in form 4 documents filed with the SEC. In the past 90 days prior to this transaction there was one insider buy/sell transaction 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 262,188 shares and have averaged 52,438 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at Carnival is higher 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 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 having sold 406,432 shares on average over this time period.

For the purpose of evaluating significant insider buying and selling all trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data used to compose and write this story.

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
* Michael Olaf Thamm, Officer, sold 28,000 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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