Don't Ignore The Insider Selling In PriceSmart

A director at PriceSmart, Sherry Bahrambeygui, recently sold US$404k worth of shares, reducing her holding by 5.3%. This follows a larger sale by the President & COO, John Hildebrandt, of US$1.2m at a lower price. While the company exhibits strong insider ownership at 7.2% and growing earnings, the pattern of insider selling without corresponding purchases raises some caution.