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Huge Costco Trades Highlight Recent Insider Selling

Since the late August sell-off and through September, we saw very light insider selling, which actually was a very bullish sign for the markets. With shares prices getting crushed, the insiders had no interest selling at reduced levels. That generally bodes well for prices when insiders think their company’s shares will trade higher so they hold off and wait.

We cover insider selling every week at 24/7 Wall St., and we like to always remind our readers that just because an individual or 10% institutional owner is selling stock, that is no cause for immediate alarm. Many top executives, and even directors, are compensated with stock and often sell just to diversify or purchase other assets.

Here are companies that reported notable insider selling this week.

Costco Wholesale Corp. (NASDAQ: COST) had three top executives selling shares this past week. The chairman and two executive vice presidents at the retail giant sold a total of 58,272 shares of the stock at prices between...