Insider Trading Fri 5/24/24

Notable purchases -- CEO adds to COOK; notable sales -- Director active in AVT 

Buyers:

• COOK Chief Executive Officer bought 228,323 shares at $2.11 - $2.25 worth approx. $500K.
• CTRN 10% owner bought 50,406 shares at $22.07 - $22.96 worth approx. $1.1 mln.
• ELAN Director bought 15,000 shares at $16.98 worth ~$255K.
• EPSN Chief Executive Officer bought 26,000 shares at $5.35 - $5.38 worth nearly $140K.
• FOUR Chairman & Chief Executive Officer bought 39,135 shares at weighted average price of $64.0375 worth about $2.5 mln.
• NCLH Director bought 20,000 shares at $16.25 - $16.50 worth approx. $328K.
• OPK Chairman & Chief Executive Officer bought 100,000 shares at $1.26 - $1.27 worth ~$127K.
• SBRA Director bought 7,000 shares at $14.43 worth ~$101K.
• VSTS 10% owner Corvex Management bought 100,000 shares at $12.08 - $12.19 worth more than $1.2 mln.

Sellers:

• AVT Director sold 9,000 shares at $54.20 - $54.61 worth approx. $490K.
• ZWS 10% owner sold 48,388 shares at $32.91 - $32.98 worth ~$1.6 mln.

Unusual Options Activity, Mon 6/12/23

The following options are exhibiting notable trading, potentially indicating changing sentiment toward the underlying stocks, and/or potentially representing positioning for increased volatility.

Bullish Call Activity:

• NCLH Jun 18 calls are seeing interest with the underlying stock up 8% (volume: 7610, open int: 330, implied vol: ~60%, prev day implied vol: 44%). Co is expected to report earnings early August.
• SAVE Jul 17.5 calls (volume: 2100, open int: 230, implied vol: ~34%, prev day implied vol: 25%). Co is expected to report earnings early August.
• K Jun 65 calls (volume: 3500, open int: 0, implied vol: ~25%, prev day implied vol: 17%). Co is scheduled to present at a Evercore conference on Thursday, June 15. Co is confirmed to report earnings August 3 before the open.
  

Bearish Put Activity:

• ZION Jun 31 puts (volume: 1990, open int: 170, implied vol: ~77%, prev day implied vol: 55%). Co is scheduled to present at a Morgan Stanley conference tomorrow. Co is confirmed to report earnings July 19 after the close.
• DAL Jun 39.5 puts (volume: 2570, open int: 710, implied vol: ~34%, prev day implied vol: 29%). Co is expected to report earnings mid-July.
  

Sentiment: The CBOE Put/Call ratio is currently: 0.84, VIX: (14.52, +0.69, +5.0%).
This week is options expiration -- Friday, June 16th is the last day to trade June equity options.

Norwegian Cruise Line (NCLH) abandons NASDAQ for NYSE

  

NCLH — is it a buy?

• Sept 1:  Is NCLH a buy?    $37.42

• No, it dropped below $35, then went up.

Norwegian Cruise Line (NCLH) reported earnings on Tue 10 May 2016 (b/o)

** charts before earnings **

  

** charts after earnings **

Norwegian Cruise Line beats by $0.01, misses on revs; guides Q2 EPS below consensus; reaffirms FY16 EPS guidance :

• Reports Q1 (Mar) earnings of $0.38 per share, excluding non-recurring items, $0.01 better than the Capital IQ Consensus of $0.37; revenues rose 14.9% year/year to $1.08 bln vs the $1.1 bln Capital IQ Consensus.
• The Company's current booked position for 2016 is on par with prior year's record levels and at higher prices. Strength in the Caribbean, Alaska, Hawaii, and other North American markets is offsetting softness in European itineraries.
• Constant Currency Adjusted Net Yield increased 3.6% (2.5% as reported), driven primarily by solid demand in the Caribbean and strong onboard revenue. Gross Yield increased 2.4%.
• First half of 2017 booking trends remain strong at higher prices.
• Company remains confident in reaching previously stated targets of double-digit Adjusted ROIC in 2016, growing to 14% by 2018, and $5.00 Adjusted EPS in 2017.
• Co issues downside guidance for Q2, sees EPS of $0.80-0.85, excluding non-recurring items, vs. $0.97 Capital IQ Consensus; adj. net yield 1.5%.
• Co reaffirms guidance for FY16, sees EPS of $3.65-3.85, excluding non-recurring items, vs. $3.78 Capital IQ Consensus; adj. net yield 3.5%.
• "Continued strong demand in the Caribbean, Alaska, Bermuda, and Hawaii is offsetting softness in Europe which comes mainly as a result of lower demand from North American consumers," said Wendy Beck, executive vice president and chief financial officer of Norwegian Cruise Line Holdings. "While this softness is tempering yield growth mainly in the second quarter, strong bookings and pricing in other core markets, as well as the addition of Seven Seas Explorer to our fleet, are contributing to strong yield performance in the back half of the year, keeping us on track to deliver expected earnings growth of approximately 30%."

Norwegian Cruise Line (NCLH) reported earnings on Tue 23 Feb 2016 (BMO)

** charts before earnings **

 

** charts after earnings **

  

Norwegian Cruise Line reports EPS in-line, misses on revs; guides Q1 EPS in-line; guides FY16 EPS in-line :

Reports Q4 (Dec) earnings of $0.51 per share, in-line with the Capital IQ Consensus of $0.51; revenues rose 31.4% year/year to $1.04 bln vs the $1.05 bln Capital IQ Consensus.

• Co issues in-line guidance for Q1, sees EPS of $0.34-0.39 vs. $0.34 Capital IQ Consensus Estimate.
• Co issues in-line guidance for FY16, sees EPS of $3.65-3.85 vs. $3.73 Capital IQ Consensus Estimate.

Long trade : NCLH (10/15)