This Is What Whales Are Betting On Costco Wholesale
Portfolio Pulse from Benzinga Insights
A large investor has taken a bullish stance on Costco Wholesale (NASDAQ:COST), with Benzinga's options scanner spotting 15 uncommon options trades. The sentiment of these big-money traders is split between 53% bullish and 46% bearish. Whales have been targeting a price range of $400 to $600 for Costco Wholesale over the last 3 months.
May 23, 2023 | 7:05 pm
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A large investor has taken a bullish position on Costco Wholesale (NASDAQ:COST), with 53% bullish and 46% bearish sentiment among big-money traders. Whales have targeted a price range of $400 to $600 for Costco over the last 3 months.
The large investor's bullish stance on Costco Wholesale indicates that they may have information or expectations of positive developments for the company. This could lead to increased buying pressure and a potential short-term increase in the stock price. The 53% bullish sentiment among big-money traders also supports this view. However, the 46% bearish sentiment suggests that there is still some uncertainty and potential downside risk.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100