Costco Insiders Unloaded Shares in October

Its CFO was among the execs selling shares

   

Costco Insiders Unloaded Shares in October

coscto store sign 630 flickr 300x225 Costco Insiders Unloaded Shares in OctoberDuring the second half of October, some senior executives at a popular warehouse retail chain cashed in on their shares.

Five senior executives at Costco (COST) sold more than 64,000 company shares between Oct. 16 and Oct. 31, generating a combined $7,541,151, Barron’s notes.

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The executives included the chain’s CFO, principal accounting office, two executive vice presidents and a director. CFO Richard A. Galanti sold shares worth $1.1 million, according to documents filed with regulators. Earlier this year, he sold company shares worth about $2.2 million.

On Oct. 9, Costco announced lower-than expected quarterly results.

Shares of Costco edged fractionally higher in Monday morning trading.


Article printed from InvestorPlace Media, http://investorplace.com/2013/11/costco-insiders-unloaded-shares-october/.

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