Looking At Costco Wholesale's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Costco Wholesale (NASDAQ:COST), with 60% of recent trades being bearish and 40% bullish. The trades range from $400.0 to $630.0. The current price of COST is $541.04, up 0.49%. Telsey Advisory Group, Oppenheimer, and Tigress Financial have given price targets of $540, $575, and $635 respectively.
July 03, 2023 | 5:33 pm
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Bearish stance taken on Costco Wholesale with majority of recent trades being bearish. Price targets from experts range from $540 to $635.
The bearish stance taken by a significant investor, along with the majority of recent trades being bearish, could potentially drive the price down in the short term. However, the price targets given by experts are higher than the current price, indicating potential for growth in the longer term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100