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U.S. Leisure Sector Insider Trading Declines by Half in One Month

It seems that the U.S. Leisure Industry is gaining more profits due to the healthy and stable market demand. Insider trading of this sector was decreasing rapidly during the last 4 weeks in response to higher stock prices.

 
PRLog - Feb. 1, 2011 - On January 30, The Washington Post released a news saying that the average daily rates for the U.S. hotel industry was $98.08 by year's end, compared with $97.51 in 2009, according to Smith Travel Research. Also, average daily rates are forecast to increase about 1.7 percent in the next four quarters, after falling 4 percent in the prior 12-month period, according to Colliers.

It seems that the U.S. Leisure Industry is gaining more profits due to the healthy and stable market demand. On another hand, insider trading of this sector was decreasing rapidly during the last 4 weeks in response to higher stock prices. 4-week insider buy ratio decreased to 11% from 22% one month ago. Insider net buyers are reduced by 8 companies to 4 companies now. Insider net sellers also are decreased by 11 companies to 31 companies now.

Insider Trading of Leisure Industry measured by trading amount was relative smaller compared to one month before. The follows are significant insider trading of U.S. Leisure Sector during the past 4 weeks. For more data and analysis about insider trading, please visit http://www.insiderslab.com/media/mediaRoom.php

Royal Caribbean Cruises Ltd. (NYSE, OSE: RCL) - Royal Caribbean International is a global cruise brand with 22 ships currently in service. The company will introduce its newest celebrity cruise named in Hamburg, Germany this summer. Royal Caribbean reported the 4 quarter financials on January 27, 2011. Net income was $42.7 million or $0.20 per share versus $3.4 million, or $0.02 per share in 2009. Chairman, CEO and Director Richard Fain disposed 200,000 shares at $46.63 per share on January 11. He also disposed 150,000 shares at $42.26 on November 04, 2010 and another 150,000 shares at $40.05 per share on November 03, 2010. During the last quarter, Richard’s total disposition was $21.67 million. He still holds 1.49 million Royal Caribbean’s shares.

Carnival Corporation & PLC (NYSE: CCL) – Carnival Corporation is the largest cruise vacation group in the world, with a portfolio of cruise brands in North America, Europe, Australia and Asia. On January 20, 2011, Carnival announced an increase in its regular quarterly dividend to $0.25 per share from $0.10 per share. Company’s 10% owner Ted Arison disposed 28,602 shares and 97,373 shares on January 19, 2011 at $48.04 per share and $48.03 per share through open market sale. Ted Airson now holds $61.65 million common shares of Carnival Corporation.

Las Vegas Sands Corp. (NYSE: LVS) - Las Vegas Sands generates over 75% of its earnings from holdings outside of the United States with operations in Macau and Singapore. It has been a booming year of Macau’s casino business. Macau's casino revenues rose nearly 42 percent year-on-year to a staggering $2.13 billion in November. In 2 years, Las Vegas Sands’ stock price rose from less than $5.00 per share to closing $50.00 per share now. On January 13, President, COO and Director Michael Leven disposed $6.46 million common shares on the open market at $48.44 per share. His total disposition since December 1, 2011 was $20.61 million.

Report Editor: Kelly Liu in Vancouver at kelly@insiderslab.com

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InsidersLab provides U.S. Insider Trading Research and Analysis to investors. We strive to aid investors, analysts, advisors and institutions in achieving optimal portfolio performance returns by providing more transparency in the insiders market.

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