Check Out What Whales Are Doing With COST
Portfolio Pulse from Benzinga Insights
A large bearish position on Costco Wholesale (NASDAQ:COST) has been spotted, with 17 uncommon options trades identified. The overall sentiment of these big-money traders is split between 47% bullish and 52% bearish. Whales have been targeting a price range from $370 to $590 for Costco Wholesale over the last 3 months.
June 27, 2023 | 4:03 pm
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A large bearish position has been spotted on Costco Wholesale (NASDAQ:COST), with 17 uncommon options trades identified. The overall sentiment of these big-money traders is split between 47% bullish and 52% bearish.
The large bearish position on Costco Wholesale indicates that a significant investor or institution believes the stock price may decline in the short term. This could lead to increased selling pressure and a potential drop in the stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100