Royal Caribbean Cruises And 2 Other Stocks Insiders Are Selling

The S&P 500 closed lower on Wednesday. Investors, meanwhile, focused on some notable insider trades.

When insiders sell shares, it indicates their concern in the company’s prospects or that they view the stock as being overpriced. Either way, this signals an opportunity to go short on the stock. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.

Below is a look at a few recent notable insider sales. For more, check out Benzinga's insider transactions platform.

Microchip Technology

• The Trade: Microchip Technology Incorporated MCHP Senior VP and CFO Eric James Bjornholt sold a total of 2,470 shares at an average price of $78.32. The insider received around $193.45 thousand from selling those shares.
• What’s Happening: Microchip Technology posted upbeat quarterly results.
• What Microchip Technology Does: Microchip Technology became an independent company in 1989 when it was spun off from General Instrument.
• Have a look at our premarket coverage here

Monster Beverage

• The Trade: Monster Beverage Corporation MNST Director Mark Vidergauz sold a total of 4,000 shares at an average price of $59.75. The insider received around $239 thousand from selling those shares.
• What’s Happening: Monster Beverage posted upbeat quarterly earnings.
• What Monster Beverage Does: Monster Beverage is a leader in the energy drink subsegment of the beverage industry. The Monster trademark anchors the portfolio, and notable offerings include Monster Energy and Monster Ultra

Royal Caribbean Cruises

• The Trade: Royal Caribbean Cruises Ltd. RCL Director Arne Alexander Wilhelmsen sold a total of 578,800 shares at an average price of $80.53. The insider received around $46.61 million from selling those shares.
• What’s Happening: Royal Caribbean shares are trading higher after the company reported better-than-expected first-quarter EPS and sales results.
• What Royal Caribbean Cruises Does: Royal Caribbean is the world's second-largest cruise company, operating 64 ships across five global and partner brands in the cruise vacation industry, with 10 more ships on order through 2026.

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