Costco Wholesale Unusual Options Activity For May 22
Portfolio Pulse from Benzinga Insights
Unusual options activity has been detected for Costco Wholesale (NASDAQ:COST), with 21 strange trades observed. Whales have been targeting a price range of $410 to $600 for Costco over the last 3 months. The stock is currently down 0.76% at $492.74, with a neutral RSI indicator. Morgan Stanley maintains an Overweight rating with a price target of $535, while Telsey Advisory Group downgraded to Outperform with a price target of $540.
May 22, 2023 | 6:46 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Unusual options activity observed for Costco Wholesale, with a targeted price range of $410 to $600. The stock is down 0.76% at $492.74. Analysts have mixed ratings, with Morgan Stanley maintaining an Overweight rating and Telsey Advisory Group downgrading to Outperform.
The unusual options activity indicates that there is significant interest in Costco Wholesale's stock, which could lead to increased volatility. However, the mixed analyst ratings and neutral RSI indicator suggest that the short-term impact on the stock price is uncertain. The stock is currently down 0.76%, but the targeted price range of $410 to $600 indicates that there could be potential for both upward and downward movement.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100