Royal Caribbean Cruises (RCL) sees Significant Insider Sales Extending the Trend of Last Quarter

Thursday, February 22, 2018 10:15 PM ET

Royal Caribbean Cruises (RCL) sees Significant Insider Sales Extending the Trend of Last Quarter

In SEC filings today Royal Caribbean Cruises reported two insiders — Michael W Bayley, Officer, and Lisa Lutoff-Perlo, Officer — sold 29,543 shares in the company having a market value of approximately $3,891,717. 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 57,542 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 87,085 shares and have averaged 12,441 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 37 buy/sell trades during this period for an average of 9.3 transactions per company. This trading also represents a lower number of shares per transaction. Within the peer group there were 0 shares purchased and 537,334 shares sold with company insiders selling 14,523 shares on average over this time period.

The data sourced in evaluating 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
* Michael W Bayley, Officer, sold 19,060 shares
* Lisa Lutoff-Perlo, Officer, sold 10,483 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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