Insider Sales at Costco Wholesale (COST) are Significant and Extend the Selling Trend of Last Quarter

Monday, January 08, 2018 10:15 PM ET

Insider Sales at Costco Wholesale (COST) are Significant and Extend the Selling Trend of Last Quarter

There was a significant level of insider selling revealed today in filings with the SEC for Costco Wholesale. Two insiders — Paul G Moulton, Officer, and Roland Michael Vachris, Officer — disposed of 12,185 shares in the company for approximately $2,290,138. There have been 7 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the disposition of 64,157 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 76,342 shares and have averaged 8,482 shares per transaction over this time period.

Costco Wholesale insider trading represents a higher number of buy/sell transactions than for the 10 peer company average over the last 90-day period. The Discount Stores peer group saw 21 buy/sell trades during this period for an average of 2.1 transactions per company. The number of shares per buy/sell trade for Costco Wholesale insiders was also higher. Within the peer group there were 0 shares purchased and 154,984 shares sold with company insiders selling 7,380 shares on average.

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
* Paul G Moulton, Officer, sold 6,985 shares
* Roland Michael Vachris, Officer, sold 5,200 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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