Royal Caribbean Group
stock has tumbled this year, and a founding partner in the cruise line sold a large block of stock.
Royal Caribbean stock (ticker: RCL) has lost 46% of its market value year to date through Friday’s close, and that includes a 43% rally so far in the third quarter. By contrast, the
S&P 500 index,
a broad measure of the market, sports a 6.1% year-to-date gain, and has risen 10.5% so far in the third quarter.
Oslo-based Awilhelmsen Group, one of three founders of Royal Caribbean, sold 2 million shares of the cruise line on Aug. 24 and 25 for a total