While adventure on the high seas might conjure up visions of pirates and gigantic waves more than stock sales, one insider at Carnival is jumping ship and selling off shares, lending to recent speculation that rising fuel prices are troubling the financial waters for the cruise industry.
On Feb. 25, Vice Chairman and Chief Operating Officer Howard S. Frank sold around 120,000 Carnival (ticker: CCL) shares for $5.1 million, an average of $42.60 each. In addition, he exercised options and sold 60,000 shares on ...