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Insider Selling: Royal Caribbean Cruises (NYSE:RCL) Director Sells 170,105 Shares of Stock
Royal Caribbean Cruises (NYSE:RCL) Director Arne Alexander Wilhelmsen sold 170,105 shares of the company’s stock on February 25th, valued at over $53.7 million. This sale was part of a larger series of transactions in February where Wilhelmsen sold a total of 771,607 shares for approximately $243.6 million, though he still retains a significant stake valued at roughly $5.38 billion. The article also touches on recent corporate actions by Royal Caribbean, including a $2.0 billion stock buyback authorization, an increased quarterly dividend, and generally positive analyst ratings despite the insider selling.