Insider Cluster (2 insiders) ·Filed May 21, 2026

NCLH

Norwegian Cruise Line Holdings Ltd.
NEUTRAL
Impact 3/10
Horizonweeks Processed4mo ago
Insider cluster: 2 insiders, $624K total
Actionable Insight • Neutral

The insider buying is too small to be a standalone catalyst. Monitor for larger C-suite or director purchases that would indicate stronger conviction, and watch upcoming earnings or guidance changes for fundamental developments.

DirectionNeutral
Confidencemedium
Horizonweeks
Final — all horizons settled through T+60d ⚠ clustered
NCLH ▲ +8.11% at T+60d
NEUTRAL call ✓ call won +8.11% · α vs SPY +5.18% · entry $16.29 → $17.61
Entry anchored
May 21, 2026
via day open
T+1d
+4.91%
call +4.91% · α +4.33%
$17.09
settled 4mo ago
T+5d
+10.93%
call +10.93% · α +9.27%
$18.07
settled 4mo ago
T+20d
+23.03%
call +23.03% · α +23.20%
$20.04
settled 3mo ago
T+60d
+8.11%
call +8.11% · α +5.18%
$17.61
settled 6w ago

Price Chart

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Executive Summary

Two NCLH directors made open-market purchases totaling ~$700K over three days, a tiny 0.0095% of the $7.4B market cap. While insider buying is directionally positive, the immaterial dollar amount relative to company size does not constitute a meaningful signal.

Key Financial Metrics

Direction
buying
Total Value
$700.3K
Insiders
2

Key Facts

  • Director Jonathan Z. Cohen purchased 30,000 shares at $15.83 ($474,900) on May 20.
  • Director Jose E. Cil purchased 10,000 shares at $14.91 ($149,100) on May 19 and 5,000 shares at $15.25 ($76,250) on May 18.
  • Total purchases of $700,250 represent ~0.0095% of NCLH's $7.4B market cap.

Financial Impact

Purchases total $700,250, immaterial relative to market cap.

Risk Factors

  • Overinterpreting small insider purchases as bullish signal.
  • NCLH stock has underperformed historically; past insider clusters have not preceded positive moves.

Market Snapshot

Exchange
NYSE
Sector
Water Transportation
Analyst Consensus
58% bullish (31 analysts)

Investment Themes

Industrials & Manufacturing

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CLUSTER Data (Synthetic)cluster-NCLH-1779394556356
13 reports for NCLH
Performance horizon
100% Hit rate 4 of 4 directional calls best @ T+20▲ +23.71%May 19, 2026
Filters
Rows
Reports for NCLH — sortable, filterable
TypeNow
Jul 30, 2026
9w ago
8-K
BEARISH ★ 6/10
$18.72 $16.65▲ +11.06%▲ +15.02%$15.14 (+19.12%)
Jul 30, 2026
9w ago
Press Release
BEARISH ★ 6/10
$18.72 $16.65▲ +11.06%▲ +15.02%$15.14 (+19.12%)
Jun 16, 2026
15w ago
8-K
NEUTRAL ★ 3/10
$19.83 $19.61▼ −1.11%▼ −2.43%$15.14 (−23.65%)
Jun 8, 2026
16w ago
Press Release
NEUTRAL ★ 2/10
$18.55 $19.26▲ +3.83%▲ +2.20%$15.14 (−18.38%)
May 26, 2026
18w ago
Insider Cluster
NEUTRAL ★ 2/10
$18.16 $21.01▲ +15.71%▲ +18.00%$15.14 (−16.62%)
May 21, 2026
19w ago
Insider Cluster
NEUTRAL ★ 3/10
$16.29 $20.04▲ +23.03%▲ +23.20%$15.14 (−7.05%)
May 19, 2026
19w ago
Insider Cluster
BULLISH ★ 5/10
$16.03 $19.83▲ +23.71%▲ +23.75%$15.14 (−5.55%)
May 7, 2026
21w ago
Insider Cluster
NEUTRAL ★ 2/10
$17.23 $18.15▲ +5.35%▲ +2.22%$15.14 (−12.12%)
May 4, 2026
21w ago
8-K
BEARISH ★ 8/10
$17.19 $18.06▼ −5.07%▲ +0.58%$15.14 (+11.92%)
May 4, 2026
21w ago
Press Release
MIXED ★ 6/10
$17.19 $18.06▲ +5.07%▼ −0.58%$15.14 (−11.92%)
Showing 10 of 13

US Market Status

Market Closed — Opens Mon (64h 38m)

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Report published May 21, 2026