Tuesday, January 16, 2018 10:15 PM ET
Insiders at Carnival (CUK) Make Significant Stock Sales Extends the Trend of Last Quarter
There was significant selling of Carnival shares by insiders today, as revealed in form 4 documents filed with the SEC. 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 5 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 281,188 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 333,725 shares and have averaged 37,081 shares per transaction over this time period.
The number of insider buy/sell trades at Carnival is higher than that of the 4 peer company average over the last 90-day period. 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 disposing of 223,367 shares on average over this time period.
Significant insider buying and selling activity 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 data used in creating and writing this story.
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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