Costco Insiders Unloaded Shares in October

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

Costco store sign[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.

  1. [Image]:
  2. cashed in on their shares:
  3. COST:
  4. lower-than expected quarterly results:

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