Insider Selling: Royal Caribbean Cruises (NYSE:RCL) Director Sells $108,961,896.03 in Stock

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Royal Caribbean Cruises (NYSE:RCL) Director Arne Alexander Wilhelmsen sold 345,111 shares worth approximately $108.96 million on February 24th, reducing his stake by 1.97%. Despite this insider selling, RCL shares rallied about 4.8% after the company raised its quarterly dividend to $1.50 and authorized a $2.0 billion share buyback. Several analysts have also increased their price targets for RCL, contributing to a “Moderate Buy” consensus rating with an average target price of $348.29.

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