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Should You Take Comfort From Insider Transactions At Carnival Corporation & Plc (NYSE:CCL)?

NYSE:CCL), you may well want to know whether insiders have been buying or selling.” data-reactid=”19″>We’ve lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. The flip side of that is that there are more than a few examples of insiders dumping stock prior to a period of weak performance. So before you buy or sell Carnival Corporation & Plc (NYSE:CCL), you may well want to know whether insiders have been buying or selling.

Do Insider Transactions Matter?

Most investors know that it is quite permissible for company leaders, such as directors of the board, to buy and sell stock in the company. However, rules govern insider transactions, and certain disclosures are required.

study found that ‘insiders are more likely to engage in open market purchases of their own company’s stock when the firm is about to reveal new agreements with customers and suppliers’.” data-reactid=”22″>We would never suggest that investors should base their decisions solely on what the directors of a company have been doing. But equally, we would consider it foolish to ignore insider transactions altogether. For example, a Columbia University study found that ‘insiders are more likely to engage in open market purchases of their own company’s stock when the firm is about to reveal new agreements with customers and suppliers’.

See our latest analysis for Carnival Corporation & ” data-reactid=”23″>See our latest analysis for Carnival Corporation &

Carnival Corporation & Insider Transactions Over The Last Year

In the last twelve months, the biggest single purchase by an insider was when Senior Independent & Presiding Director Randall Weisenburger bought US$10m worth of shares at a price of US$8.00 per share. We do like to see buying, but this purchase was made at well below the current price of US$20.42. Because it occurred at a lower valuation, it doesn’t tell us much about whether insiders might find today’s price attractive.

Happily, we note that in the last year insiders paid US$12m for 1.29m shares. But insiders sold 5000 shares worth US$204k. In the last twelve months there was more buying than selling by Carnival Corporation & insiders. Their average price was about US$9.23. It is certainly positive to see that insiders have invested their own money in the company. But we must note that the investments were made at well below today’s share price. You can see the insider transactions (by individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

NYSE:CCL Recent Insider Trading June 17th 2020

list of growing companies with recent insider purchasing, could be just the ticket.” data-reactid=”39″>Carnival Corporation & is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Carnival Corporation & Insiders Bought Stock Recently

Over the last quarter, Carnival Corporation & insiders have spent a meaningful amount on shares. We can see that Senior Independent & Presiding Director Randall Weisenburger paid US$10m for shares in the company. No-one sold. That shows some optimism about the company’s future.

Insider Ownership

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Carnival Corporation & insiders own 17% of the company, currently worth about US$2.5b based on the recent share price. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

What Might The Insider Transactions At Carnival Corporation & Tell Us?

5 warning signs for Carnival Corporation & that deserve your attention before buying any shares.” data-reactid=”49″>It is good to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Carnival Corporation &. Looks promising! While we like knowing what’s going on with the insider’s ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. At Simply Wall St, we found 5 warning signs for Carnival Corporation & that deserve your attention before buying any shares.

list of interesting companies.” data-reactid=”50″>Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

Get in touch with us directly. Alternatively, email [email protected].

This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Thank you for reading.” data-reactid=”52″>Love or hate this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected].

This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Thank you for reading.

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