Monday, October 23, 2017 10:15 PM ET
Significant Insider Sales in Shares of Costco Wholesale (COST) Extends the Selling Trend of Last Quarter
Two insiders — Richard A Galanti, Director and Officer, and Paul G Moulton, Officer — sold 13,696 shares of Costco Wholesale having a market value of approximately $2,199,149, today, as revealed in form 4 documents filed with the SEC. There was one insider buy/sell transaction in the past 90 days prior to these transactions which resulted in the sale of 3,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 16,696 shares and have averaged 5,565 shares per transaction over this time period.
The number of insider buy/sell trades at Costco Wholesale is higher than that of the 10 peer company average over the last 90-day period. The Discount Stores peer group saw 19 buy/sell trades during this period for an average of 1.9 transactions per company. However, the number of shares traded per transaction by Costco Wholesale insiders is lower than its peers. Within the peer group there were 0 shares purchased and 208,833 shares sold with company insiders disposing of 10,991 shares on average over this time period.
For the purpose of evaluating significant insider buying and selling all trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data obtained to compose and write this story.
Today’s Insider Activity
* Richard A Galanti, Director and Officer, sold 5,000 shares
* Paul G Moulton, Officer, sold 8,696 shares
Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.
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