Insiders Are Selling These 5 Retail Stocks

This article presents an overview of Insiders Are Selling These 5 Retail Stocks. For a detailed overview of such stocks, read our article, Insiders Are Selling These 10 Retail Stocks.

5. Costco Wholesale Corporation (NASDAQ:COST)

Number of Hedge Fund Investors: 57

Costco Wholesale Corporation (NASDAQ:COST) is one of the notable retailers that recently saw insider selling activity. On March 11, Costco Wholesale Corporation’s (NASDAQ:COST) Executive Vice President, Administration, Patrick Callans sold 2,500 shares of Costco Wholesale Corporation (NASDAQ:COST) at $714.86 per share. Since then the stock has increased by 2.3%.

Insider Monkey’s database of hedge funds and their holdings shows that 57 hedge funds had stakes in Costco Wholesale Corporation (NASDAQ:COST) as of the end of 2023. The biggest stake in Costco Wholesale Corporation (NASDAQ:COST) is owned by billionaire Ken Fisher who had a $1.8 billion stake in Costco Wholesale Corporation (NASDAQ:COST).

Madison Sustainable Equity Fund stated the following regarding Costco Wholesale Corporation (NASDAQ:COST) in its fourth quarter 2023 investor letter:

“Costco Wholesale Corporation (NASDAQ:COST) reported solid holiday results and announced a special dividend of $15 per share. Earnings were better than expected driven by better gross margin. Same store sales were 3.9% with solid traffic. Costco also noted better discretionary trends and solid seasonal sales.”