Insider Selling in Costco Wholesale (COST) Shares Continues

Friday, March 09, 2018 10:15 PM ET

Insider Selling in Costco Wholesale (COST) Shares Continues

There was a notable sale of shares of Costco Wholesale by an insider today, as disclosed in a form 4 document filed with the SEC. One insider — Timothy L Rose, Officer — sold 17,000 shares in the company having a market value of approximately $3,150,647. There have been 6 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 51,185 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 68,185 shares and have averaged 9,741 shares per transaction over this time period.

Compared to its peers over the last 90 days, insider buy/sell trading at Costco Wholesale is above the 10-company peer group average. Discount Stores peer group saw 19 buy/sell trades during this period for an average of 1.9 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 148,612 shares sold with company insiders disposing of 7,822 shares on average.

Significant insider buying and selling activity has been determined by eliminating 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 in data sourced in creating and writing this story.

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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