Significant Insider Selling Continues at Royal Caribbean Cruises (RCL)

Wednesday, January 17, 2018 10:15 PM ET

Significant Insider Selling Continues at Royal Caribbean Cruises (RCL)

A notable insider sale of the shares of Royal Caribbean Cruises was indicated in a form 4 document filed with the SEC today, showing — Richard D Fain, Director and Officer — sold 20,000 shares in the company having a market value of approximately $2,562,042. There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 34,808 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 54,808 shares and have averaged 18,269 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at Royal Caribbean Cruises is lower than its 4-company peer group average. The Cruise Lines peer group saw 31 buy/sell trades during this period for an average of 7.8 transactions per company. This trading also represents a lower number of shares per transaction. Within the peer group there were 0 shares purchased and 5,507,452 shares sold with company insiders disposing of 177,660 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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