The Non-Executive of Carnival (NYSE: CCL) is Buying Shares

By Carrie Williams

Yesterday, the Non-Executive of Carnival (CCLResearch Report), Richard J Glasier, bought shares of CCL for $140.5K.

Following this transaction Richard J Glasier’s holding in the company was increased by 23% to a total of $752K. This is Glasier’s first Buy trade following 7 Sell transactions.

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The company has a one-year high of $51.94 and a one-year low of $7.80. Currently, Carnival has an average volume of 39.53M.

Based on 9 analyst ratings, the analyst consensus is Hold with an average price target of $15.38, reflecting a -8.6% downside.

The insider sentiment on Carnival has been positive according to 77 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

Richard J Glasier’s trades have generated a -3.5% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America, Europe, Australia, and Asia (EEA), Cruise Support, and Tour and Other. The North America segment includes Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn. The Europe, Australia, and Asia (EEA) segment comprises of AIDA, Costa, Cunard, P&O Cruises (Australia), P&O Cruises (UK). The Cruise Support segment represents port destinations and private islands for the benefit of its cruise brands. The Tour and Other segment operates hotel and transportation operations of Holland America Princess Alaska Tours. The company was founded in 1972 and is headquartered in Miami, FL.