On October 29, 2024, Sir Band, Director of Carnival PLC (CUK, Financial), executed a sale of 17,500 shares of the company, according to the SEC Filing. Following this transaction, the insider now owns 65,788.905 shares of Carnival PLC.
Carnival PLC operates as a leisure travel company, offering cruise vacations and port destinations across the globe. The company is known for its diverse portfolio of cruise brands catering to a variety of geographic regions and demographic markets.
Over the past year, the insider transaction history for Carnival PLC shows a trend of more sales than purchases among insiders, with a total of three insider sales and no insider buys. This recent transaction by Sir Band marks another addition to the selling trend.
Shares of Carnival PLC were trading at $21.72 on the day of the transaction. The company's market cap is approximately $25.10 billion. The price-earnings ratio of the stock stands at 17.91, which is lower than the industry median of 19.18, indicating a potentially more attractive valuation relative to its peers.
The GF Value of Carnival PLC is calculated at $18.64, suggesting that the stock is Fairly Valued with a price-to-GF-Value ratio of 1.17. The GF Value is derived from historical trading multiples, an adjustment factor based on past performance, and future business projections.
This insider sale could be of interest to investors tracking insider behaviors as an indicator of potential stock performance or company health. However, it is essential to consider broader market conditions and additional company-specific details when evaluating the implications of insider transactions.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
