Costco Insiders Unloaded Shares in October

Its CFO was among the execs selling shares

   

Costco store signDuring 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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