Large Inflow of Money Detected in Costco Wholesale Corporation

Costco Wholesale Corporation (COST) : On Thursday, The money flowed into the Costco Wholesale Corporation (COST) stock with an uptick to downtick ratio was recorded at 1.03. Transactions worth $51.84 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $50.15 million. The total money flow into the stock was $1.7 million. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $4.51 million of block transactions on upticks. The total money flow in block trades was $4.51 million. In terms of price action, Costco Wholesale Corporation (COST) traded down $0.21 during the session at $166.57. Compared to the previous days closing, the stock was down only by -0.13%. For the week, the stock is 0.68%, over previous weeks closing.


The stock has recorded a 20-day Moving Average of 5.26% and the 50-Day Moving Average is 9.37%. Shares have rallied 15.73% from its 1 Year high price. On Dec 8, 2015, the shares registered one year high at $169.73 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $154.39 and the 200 Day Moving Average price is recorded at $152.29.

Costco Wholesale Corporation (NASDAQ:COST): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $167.15 and $166.28 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $168.00. The buying momentum continued till the end and the stock did not give up its gains. It closed at $166.94, notching a gain of 0.10% for the day. The total traded volume was 2,150,083 . The stock had closed at $166.78 on the previous day.

In an insider trading activity,The officer (Executive Vice President) of Costco Wholesale Corp /New, Mckay John D sold 4,455 shares at $159 on March 31, 2016. The Insider selling transaction had a total value worth of $708,345. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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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