Arison to Sell Ten Million Shares of Carnival Stock

[gilboman]

Execs are insiders!

 

execs as in mid/lower level employees who don't already have a gazillion shares... a large stakeholder selling for diversification, estate planning and tax purposes doesn't really count.

[gilboman]

Love the sarcastic smile!:)

 

As an expert, you must know that the average daily trading volume of CCL is about 4 million shares.

 

Very simply, that means Arison's shares will cause a 2 1/2 day overhang of the stock.

 

:rolleyes: yes... he's going to unload all his shares in one trading day :rolleyes::o

 

lol

 

large volume share buys/sells are staggered over a long period... much like how when a large fund changes its positions...this isn't you selling your 50 shares of aapl here.

 

I love this forum..it's so amusing..I don't come here for any cruise related info or discussions but a window into a whole different world.

Edited March 4, 2014 by gilboman

[gregg204]

Micky Arison will be selling ten million shares of Carnival stock. That's roughly $385,000,000. Not bad considering all the problems Carnival and Costa have recently had.

 

If you own Carnival stock, you have to ask yourself some questions. Yes the news story I linked below says it's for tax and other purposes, but it still gives a sense that Micky is not thrilled with the company's future. Add to that the recent stories of thousands of free cruises being given to fill cabins and I see a real red flag. ]

 

Former CEO selling 9% of his stake and you are seeing red flags?? Really ?? This is funny. Took you 6 days to find this and post ? Also can you post your source where it shows that Carnival gave out "thousands" of free cruises to fill rooms please. Thanks.

[gilboman]

Nope, doesn't work that way. Let's say Arison wants to get 38 1/2 for his shares.

 

As a buyer, I may be willing to buy the shares, but not at 38 1/2. Maybe, I'm willing to pay 37.

 

With a huge number of shares being offered, the price will tend to drop due to supply and demand.

 

Oops, missed 9:30 stock opening!

 

did you buy fb when zuckerberg sold 41 million shares? it went down in price right? ;)

 

he sold 41 million shares in one day right!!! price must've went down to like 0!!!:eek:

[DirtyDawg]

execs as in mid/lower level employees who don't already have a gazillion shares... a large stakeholder selling for diversification, estate planning and tax purposes doesn't really count.

 

I'm happy that our room steward call now call himself an Executive.;)

 

I agree that selling for estate planning and tax purposes don'r really count but 'diversification' can be a red flag. Is he planning to invest in Royal Caribbean or NCL, - not a good sign. :eek: Or is he investing in T-Bills or other lower risk stuff to offset the cyclical nature of the Carnival investment? Or is he planning a big off season free agent signing binge - not a good sign if you're not a Miami Heat fan!

 

In the end it's only about 5% of his holdings in Carnival and 5 million got sold last Friday already. The other 5 million can be sold anytime over thee next fifteen months. It's not a mountain of stock, just a molehill. ;)

[richfret]

Nope, doesn't work that way. Let's say Arison wants to get 38 1/2 for his shares.

 

As a buyer, I may be willing to buy the shares, but not at 38 1/2. Maybe, I'm willing to pay 37.

 

With a huge number of shares being offered, the price will tend to drop due to supply and demand.

 

Oops, missed 9:30 stock opening!

 

I have to agree with you but then again let's get back to this circle. Arison sells 10,000,000 shares at $30.00 a share (not the $38 1/2). Every one sees the dramatic price decrease and thinks "I can buy this $38.50 share for $30.00 so why don't I buy 10,000,000 shares." The question is: "Is or was a Carnival share ever worth $38.50. Only time will tell. One thing for sure. Your Broker will tell some to sell at $30.00 and then a week later, he will tell others to buy at the $30. Hence the circle and the success of the Stock market.

[gilboman]

I'm happy that our room steward call now call himself an Executive.;)

 

I agree that selling for estate planning and tax purposes don'r really count but 'diversification' can be a red flag. Is he planning to invest in Royal Caribbean or NCL, - not a good sign. :eek: Or is he investing in T-Bills or other lower risk stuff to offset the cyclical nature of the Carnival investment? Or is he planning a big off season free agent signing binge - not a good sign if you're not a Miami Heat fan!

 

In the end it's only about 5% of his holdings in Carnival and 5 million got sold last Friday already. The other 5 million can be sold anytime over thee next fifteen months. It's not a mountain of stock, just a molehill. ;)

 

well I don't think your room steward has to file a public disclosure on his share movements...but then..maybe he has enough shares to warrant it ...:D