Costco Wholesale Corporation (COST) Shares are Up 0.8%

Costco Wholesale Corporation (COST) : Traders are bullish on Costco Wholesale Corporation (COST) as it has outperformed the S&P 500 by a wide margin of 0.54% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.74%, 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 0.8% in the last 1 week, and is up 1.58% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 1.29% and the 50-Day Moving Average is 5.06%. Costco Wholesale Corporation (NASDAQ:COST): stock turned positive on Friday. Though the stock opened at $167.16, the bulls momentum made the stock top out at $169.41 level for the day. The stock recorded a low of $167.16 and closed the trading day at $169.04, in the green by 0.69%. The total traded volume for the day was 1,399,053. The stock had closed at $167.88 in the previous days trading.


The company Insiders own 0.78% of Costco Wholesale Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -20.85% . Institutional Investors own 72.27% of Costco Wholesale Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -19.85%. Also, In a research note released to the investors, Goldman Sachs upgrades its rating on Costco Wholesale Corporation (NASDAQ:COST).The analysts at the brokerage house have a current rating of Buy on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. In a recent information released to the investors, Goldman Sachs raises the new price target from $169 per share to $175 per share. The rating by the firm was issued on June 1, 2016.

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.

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