Costco Wholesale Corporation (COST) : Traders are bullish on Costco Wholesale Corporation (COST) as it has outperformed the S&P 500 by a margin of 0.84% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.02%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.64% in the last 1 week, and is up 7.66% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Costco Wholesale Corporation (NASDAQ:COST): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $167.68 and $166.96 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $167.70. The buying momentum continued till the end and the stock did not give up its gains. It closed at $167.47, notching a gain of 0.25% for the day. The total traded volume was 1,335,064 . The stock had closed at $167.05 on the previous day.
The stock has recorded a 20-day Moving Average of 3.47% and the 50-Day Moving Average is 8.17%. Costco Wholesale Corporation is up 12.04% in the last 3-month period. Year-to-Date the stock performance stands at 4.29%.
Costco Wholesale Corporation (Costco) is engaged in the operation of membership warehouses in the United States (U.S.) and Puerto Rico, Canada, United Kingdom (U.K.), Mexico, Japan, Australia, Spain, and through majority-owned subsidiaries in Taiwan and Korea. The Company operated 663 membership warehouses and an average warehouse is approximately 144,000 square feet. The Companys warehouses generally operate on a seven-day, 69-hour week. The Companys product categories include Food, Sundries, Hardlines, Fresh Food, Softlines, Ancillary and Other. The Companys online business provides products, which include services, such as photo processing, pharmacy, travel, business delivery, and membership services.