Bernstein David

CFO Bernstein sold 361.8K shares (76.3% of holdings) at $33.22, retaining 112.1K shares; stock up 5.0% in 30 days.

Bernstein divested 361,790 shares representing -76.3% vs pre-transaction holdings, raising $12,016,891.03 at $33.22 per share, just -4.0% from the 52-week high of $33.69. His cross-ticker track record shows a 66.67% well-timed rate across 7 prior sells (negative 90-day returns = well-timed), yet at CUK specifically, his timing has been mixed: 2 of 3 prior sells showed negative 90-day returns (well-timed), but 1 of 3 showed +22.5% (poorly timed). Post-transaction holdings of 112.1K shares retain meaningful exposure, suggesting this is a material reduction rather than a complete exit. The stock has rallied +5.0% over 30 days and +36.1% over 90 days since the trade, tracking the trend Bernstein has historically navigated with moderate success at this ticker.

Carnival CFO Bernstein sold 361,790 shares ($12.0M) at $33.22, reducing stake by 76.3%, marking largest CCL exit in prior trading history

Bernstein's sale of 361,790 shares represents a dramatic 76.3% reduction of his holdings—from 473,858 to 112,068 shares—and marks a departure from his prior activity at Carnival. Of his three earlier sales at CCL, two were well-timed at the 90-day mark (sales on 2024-01-19 and 2024-02-15 preceded declines), suggesting he has demonstrated ability to navigate this stock's timing. The sale occurred at $33.22, near the 52-week high of $33.99 and significantly above the current price of $32.60, with the stock up 25.3% over the past 90 days. His cross-ticker track record shows 66.67% well-timed sells across all holdings, though his prior two CCL sales both ended with positive 90-day outcomes (stock rose), indicating mixed outcomes at this specific ticker. Carnival's recent fundamentals remain strong—$1.9B net income on $8.2B quarterly revenue with 6.4% annual growth and a 11.56 P/E—providing little fundamental distress signal.

CFO Bernstein David sold 105,010 shares of Carnival (CUK) at $22.84; holds 2 of 2 well-timed prior sales at this ticker.

Bernstein, the CFO & CAO, sold 105,010 shares (42.9% reduction in holdings) at $22.84 on 2025-05-15, netting $2,398,533.41. His track record at CUK is notable: both of his 2 prior sales at this ticker were well-timed at the 90-day mark, with declines of -11.6% and -24.9% respectively following those sales. His cross-ticker track record shows a 100.00% well-timed rate across 5 prior sells with an average 90-day return of -14.2%. The current price of $21.12 is -18.6% from the 52-week high, placing the stock in a weak position relative to its recent range. This substantial reduction in CFO holdings combined with a demonstrated pattern of selling before downturns—particularly at this specific ticker—merits investor attention to underlying operational or market signals the leadership may be perceiving.

Carnival CFO David Bernstein sells 105,010 shares ($2.4M) at $22.84; holds 140,053 post-sale with 100% well-timed sell history at this ticker.

Bernstein sold 105,010 shares at $22.84, reducing his holdings by -42.9%, at a price $14.55 below the 52-week high of $28.49. His prior trades at CCL (2 of 2 sells) were well-timed at the 90-day mark, with the most recent prior sale on 2024-02-15 showing 90d return of -3.3% and the earlier sale on 2024-01-19 showing 90d return of -16.8%; both declines occurred after his sales. This transaction occurs while the stock is down -17.9% from its 52-week high, despite a near-term 30-day rally of +30.9%. CCL's fundamentals show recent net income of -$78.0M against revenue of $5.8B, though annual revenue grew +15.9% year-over-year. The disposal represents a significant reduction in his position and aligns with his established pattern of selling before subsequent stock declines at this ticker.