Carnival chairman sells 5 million shares

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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 The NASDAQ OMX Group, Inc.

Originally published on InvestorsObserver.com


This article appears in: Investing , Options

Referenced Stocks: CCL

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