Looking At Costco Wholesale's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A whale has taken a bearish stance on Costco Wholesale (NASDAQ:COST) with 92% of detected unusual options activity being bearish. Whales have been targeting a price range of $455 to $620 for Costco over the last 3 months. Telsey Advisory Group downgraded its action to Outperform with a price target of $540, while Morgan Stanley maintained their Overweight rating with a price target of $535.
May 18, 2023 | 6:17 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
A whale has taken a bearish stance on Costco Wholesale with 92% of detected unusual options activity being bearish. Analysts have mixed price targets, with Telsey Advisory Group at $540 and Morgan Stanley at $535.
The bearish stance taken by the whale with 92% of unusual options activity being bearish indicates a potential short-term negative impact on Costco's stock price. Additionally, the mixed price targets from analysts, with Telsey Advisory Group at $540 and Morgan Stanley at $535, further support the potential for a short-term negative impact.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100