Costco Wholesale Corporation (NASDAQ:COST), watched as an insider decreased their stake in the company through a transaction that began yesterday and was officially filed today. Executive Vice President Timothy L. Rose sold 5,439 shares of common stock at an average price of $121.5022 per share. Moreover, following the completion of this transaction, Rose now holds a total of 31,140 shares directly in the company. Costco Wholesale Corporation (NASDAQ:COST), is a $53.33 billion market cap goliath company, that, together with its subsidiaries is engaged in the operation of membership warehouses in the United States and Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Australia, and through majority owned subsidiaries in Taiwan and Korea.
Billionaire Warren Buffet is also involved in this company. His hedge fund, Berkshire Hathaway, showed no movement in its holdings over the course of the last fiscal quarter, now having around 4.33 million shares worth approximately $499 million.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.