Costco Wholesale Corporation (COST) : Fridays money flow points at investors jumping to buy the stock on the weakness of price. $225.04 million worth of transactions were on upticks, whereas, the downticks accounted for $210.01 million worth of transactions. The net money flow was a positive $15.02 million and the uptick to downtick ratio was 1.07. However, the block trades showed a clear dominance of the bulls with a very healthy ratio of 2.01 in their favor. The net money flow into the stock was $16.4 million. The value of block trades done on downticks was only $16.3 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $32.7 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Costco Wholesale Corporation (COST) was trading at $156.21, down $5.88 during day. The stock slid -3.63% over the previous days close. For the week, the stock recorded -4.71% over the previous weeks close.
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 -22.7% . Institutional Investors own 73.18% of Costco Wholesale Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -20.85%.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Costco Wholesale Corp /New, Meisenbach John W had sold 5,737 shares worth of $962,324 in a transaction dated August 17, 2016. In this transaction, 5,737 shares were sold at $167.74 per share.
Costco Wholesale Corporation (NASDAQ:COST): The stock opened at $156.81 and touched an intraday high of $159.28 on Friday. During the day, the stock corrected to an intraday low of $156.8, however, the bulls stepped in and pushed the price higher to close in the green at $157.98 with a gain of 1.13% for the day. The total traded volume for the day was 2,678,993. The stock had closed at $156.21 in the previous trading session.
Costco Wholesale Corporation (COST) : During the past 4 weeks, traders have been relatively bearish on Costco Wholesale Corporation (COST), hence the stock is down -5.67% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -4.11% relative to the S&P 500. The 4-week change in the price of the stock is -5.8% and the stock has fallen -3.63% in the past 1 week.
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.