Royal Caribbean unit CEO sells third of his stake in cruise operator

Industry:    2020-02-10

The head of a unit of Royal Caribbean Cruises Ltd has sold nearly a third of his stake in the cruise operator, a regulatory filing showed on Friday.

Azamara Club Cruises CEO Lawrence Pimentel sold 16,000 shares at $120 per share on Feb. 6, according to the filing. The stock closed at $118.26 on Feb.5.

Shares of Royal Caribbean have fallen 17% since Jan. 17 amid concerns over the coronavirus outbreak in China grows.

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