by Christopher Freeburn | November 4, 2013 11:43 am
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.
Source URL: https://investorplace.com/2013/11/costco-insiders-unloaded-shares-october/
Short URL: http://invstplc.com/1foPpWB
Copyright ©2017 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.