Tuesday, January 16, 2018 10:15 PM ET
Carnival (CCL) sees Significant Insider Sales Extending the Trend of Last Quarter
A significant level of insider sales in Carnival was disclosed in form 4 documents filed with the SEC today. Four insiders — Donald, Perez, Kruse, and Bernstein — sold 52,537 shares in the company having a market value of approximately $3,631,074. There have been 4 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the sale of 253,188 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 305,725 shares and have averaged 38,216 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 25 buy/sell trades during this period for an average of 6.3 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 5,584,184 shares sold with company insiders selling 223,367 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.
Today’s Insider Activity
* Arnold W Donald, Director and Officer, sold 16,226 shares
* Arnaldo Perez, Officer, sold 10,369 shares
* Stein Kruse, Officer, sold 21,602 shares
* David Bernstein, Officer, sold 4,340 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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