Tuesday, November 14, 2017 10:15 PM ET
Insider Sale at Costco Wholesale (COST) Continues Selling Trend
An insider — John D McKay, Officer — disposed of 8,111 shares of Costco Wholesale having a market value of approximately $1,401,419 today, as indicated in a form 4 document filed with the SEC. There have been 5 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 27,046 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 35,157 shares and have averaged 5,860 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Costco Wholesale is greater than its 10-company peer group average. The Discount Stores peer group saw 22 buy/sell trades during this period for an average of 2.2 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 209,844 shares sold with company insiders having sold 9,538 shares on average over this time period.
In order to focus on significant insider buying and selling activity, all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers has been eliminated data obtained to evaluate and write this story.
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