Costco Insiders Unloaded Shares in October

by Christopher Freeburn | November 4, 2013 11:43 am

Costco Insiders Unloaded Shares in October

coscto store sign 630 flickr 300x225 Costco Insiders Unloaded Shares in October[1]During the second half of October, some senior executives at a popular warehouse retail chain cashed in on their shares[2].

Five senior executives at Costco (COST[3]) 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[4].

Shares of Costco edged fractionally higher in Monday morning trading.

Endnotes:
  1. [Image]: http://investorplace.com/wp-content/uploads/2011/07/coscto_store_sign_630_flickr.jpg
  2. cashed in on their shares: http://online.barrons.com/article/SB50001424053111903648004579171680033389894.html
  3. COST: http://studio-5.financialcontent.com/investplace/quote?Symbol=COST
  4. lower-than expected quarterly results: http://investorplace.com/2013/10/stick-with-costco-stock-cost/#.UnfNRpG1Kf0

Source URL: http://investorplace.com/2013/11/costco-insiders-unloaded-shares-october/
Short URL: http://invstplc.com/1foPpWB