News sources report that Royal Caribbean President Adam Goldstein sold 7,855 shares of RCL stock on the open market in a transaction yesterday.
Goldstein’s sold the stock at an average price of $43.22, for a total value of $339,493.10.
He reportedly now directly owns 335,654 shares of Royal Caribbean stock, valued at approximately $14,506,966.
Yesterday on our Facebook page, I suggested that at a price of $43 you should take your profit on RCL stock and run.
In July 2013, we reported that President Goldstein sold almost 19,000 shares of RCL stock worth over $700,000. This year Goldstein has sold over $1,000,000 of his company’s stock.
Two years ago, Goldstein sold over 40,000 shares between February 1 – 16, 2011 – for a total of over $1,900,000.
Royal Caribbean has not suffered the same severe problems as rival Carnival this year, but it has had its share of problems. It suffered a major fire on the Grandeur of the Seas in May, and its subsidiary brand Pullmantur also a major fire on the Zenith cruise ship in June.
Just last month, Royal Caribbean cleaned house and terminated over 100 employees in its corporate offices in Miami as a cost saving measure. Read about that here: Loyal to Royal? Royal Caribbean Axes 100 Jobs in Corporate Headquarters.