At USD 140.21 each share
RR | Miami | May 20, 2024
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RELATED TOPICS: Celebrity Cruises, Hapag-Lloyd Cruises, Jason Liberty, Michael Bayley, Royal Caribbean Group, Royal Caribbean International, Silversea, Tui Cruises
Michael Bayley, president and CEO of Royal Caribbean International, sold another 24,201 Royal Caribbean Group shares. According to the information delivered to the SEC, the shares were sold at USD 140.21 each, that is, they obtained an average of USD 3,393,462.
Last year the informant sold 84,378 shares of the shipping company and did not make any purchases, but apparently, the sale of company shares is recurring, since there were 17 insider sales and only one insider purchase, the year past, as reported by Finance Yahoo.
According to this latest transaction, Royal Caribbean Group has a market capitalization of USD 36.76 billion.
Royal Caribbean Group owns three brands: Royal Caribbean International, Celebrity Cruises and Silversea. In addition, it is co-owner of TUI Cruises and Hapag-Lloyd Cruises.
As reported REPORTUR.usIn April, Royal Caribbean CEO Jason Liberty said during the first-quarter financial results call with investors that the company was on track to receive more bookings for 2025 than 2024, as inventory in the first period of the year was almost sold out, with only 12% available. (Royal Caribbean is already almost selling more for 2025 than for a full 2024).
Liberty also assured at the time that April reservations increased more and grew at double what was achieved in the first quarter of 2023. That is, it has sold 88% of the cabins, which means that the inventory for 2024 is decreasing. .
