During 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.
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.