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Insider Alert: Big Seller In This Major US Retailer

When an executive of a company dumps 40 percent of his stake for the second time in one year, what are we to think?

Well, that's just what Eduardo Castro-Wright did last week. He's vice chairman of Wal-mart .

"Any time someone sells that much of their holdings in about a three month time period, red flags go up," "Fast Money" trader Patty Edwards said, noting that 40 percent is the combined amount Castro-Wright has sold. "That plus the fact that the stock has not moved makes me very skeptical. I will not be buying at this point."

Edwards added that she thinks Castro-Wright is a great guy. She noted he was leading the turnaround of Wal-mart's U.S. stores. The executive recently moved to the company's Internet division, however, so he could be closer to his wife with health issues.

Edwards is chief investment officer at Trutina Financial.

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GOOGLE'S ANDROID GAINS POPULARITY

Colin Gillis of BGC looks at Google's big splash in wireless. Watch the video to see the full conversation!

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Got something to to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment, but not have it published on our Web site, send those e-mails to fastmoney@cnbc.com.

Trader disclosure: On June 28, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Joe Terranova owns (MSFT), (VRTS), (IBM), (FCX), (CVI), (F), (AAPL), (CAT), (BX), (HPQ), (MA), (PEP), (MCD), (JWN), (TM), (LULU), (WFM), (DAR) and (BJ). Joe Terranova Owns (HAS), (DIS) and (XOM). Joe Terranova Is Short (DELL). Steve Cortes owns (SVU) and (KR). Steve Cortes is short the Nikkei. Steve Cortes is short the Crude. Steve Cortes is short the S&P. Steve Cortes is short the Australian Dollar. Steve Cortes is short Silver. Steve Cortes is short (BIDU). Steve Cortes is short Corn. Patty Edwards owns (XLK).
Jon Najarian owns (AAPL) call spreads. Jon Najarian owns (BIDU) call spreads. Jon Najarian owns (CTXS) call spreads. Jon Najarian owns (UA) call spreads. Jon Najarian owns (CIGX) call spreadS. Jon Najarian owns (NKE) call spreads. Jon Najarian owns (PTEN) call spreads. Jon Najarian owns (SINA) call spreads

Joe Terranova
Terranova is Chief Market Strategist of Virtus Investment Partners, LTD
Virtus Investment Partners Owns More Than 1% Of (ABAX)
Virtus Investment Partners Owns More Than 1% Of (AMKR)
Virtus Investment Partners Owns More Than 1% Of (CCG)
Virtus Investment Partners Owns More Than 1% Of (CASS)
Virtus Investment Partners Owns More Than 1% Of (CSVI)
Virtus Investment Partners Owns More Than 1% Of (EXR)
Virtus Investment Partners Owns More Than 1% Of (FCFS)
Virtus Investment Partners Owns More Than 1% Of (IGE)
Virtus Investment Partners Owns More Than 1% Of (KRC)
Virtus Investment Partners Owns More Than 1% Of (LDR)
Virtus Investment Partners Owns More Than 1% Of (LHO)
Virtus Investment Partners Owns More Than 1% Of (NRCI)
Virtus Investment Partners Owns More Than 1% Of Sun Pharmaceutical Industries Ltd.
Virtus Investment Partners Owns More Than 1% Of (DBV)
Virtus Investment Partners Owns More Than 1% Of (XLB)
Virtus Investment Partners Owns More Than 1% Of (XLV)
Virtus Investment Partners Owns More Than 1% Of (XLP)
Virtus Investment Partners Owns More Than 1% Of (XLY)
Virtus Investment Partners Owns More Than 1% Of (XLE)
Virtus Investment Partners Owns More Than 1% Of (XLF)
Virtus Investment Partners Owns More Than 1% Of (XLI)
Virtus Investment Partners Owns More Than 1% Of (XLK)
Virtus Investment Partners Owns More Than 1% Of (XLU)
Virtus Investment Partners Owns More Than 1% Of (SUBK)
Virtus Investment Partners Owns More Than 1% Of (WDFC)
Virtus Investment Partners Owns More Than 1% Of (YDNT)
Virtus Investment Partners Owns More Than 1% Of DOMINO'S PIZZA UK & URL PLC

Patty Edwards
Edwards Owns (WFM) For Clients
Edwards Owns (GLD) For Clients
Edwards Owns (SLV) For Clients
Edwards Owns (SDS) For Clients
Edwards Owns (NKE) For Clients
Edwards Owns (POT) For Clients
Edwards Owns (AAPL) For Clients
Edwards Owns (MSFT) For Clients
Edwards Owns (GOOG) For Clients
Edwards Owns (ORCL) For Clients
Edwards Owns (TGT) For Clients
Edwards is long S&P500 For Clients
Edwards is long Nasdaq 100 For Clients
Edwards is long (SDS) For Clients

Colin Gillis
**No disclosures

CNBC.com with wires.

Symbol
Price
 
Change
%Change
WMT
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