Carnival chairman sells 5 million shares

By Bobby Raines,

Shutterstock photo

Bobby Raines 03/05/2014

Micky Arison, the chairman and an beneficial owner of Carnival Corp. ( CCL ) , sold 5,000,000 shares of the company's common stock on Feb. 28. At $39.50 per share, Arison pulled in a total of $197,500,000 from the sale.

IK-> The technicals for CCL ($39.05 down $0.58) are bullish with an downward trend. Recent support has been around $38.52 and recent resistance has been around $39.62. Standard & Poor's has a five STAR (out of five) rating on the stock. Look at the July 45/48 bear-call spread for a 20-cent credit. That's a 7.1% return and the stock has to rise 15.2% to cause a problem.  [InvestorsKeyhole, Various news and data services]

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Originally published on

This article appears in: Investing Options
Referenced Stocks: CCL

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