Check Out What Whales Are Doing With COST
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Costco Wholesale (NASDAQ:COST) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 33% bullish and 66% bearish. The whales have been targeting a price range from $460.0 to $600.0 for Costco Wholesale over the last 3 months. Tigress Financial and Telsey Advisory Group have downgraded their ratings for COST, with price targets of $635 and $540 respectively.
July 05, 2023 | 3:33 pm
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A large investor has taken a bearish stance on Costco Wholesale, which could potentially impact the stock's price in the short term. Analysts have also downgraded their ratings for the stock.
The bearish stance taken by a large investor, as indicated by unusual options activity, suggests that there may be a belief that the stock's price will decrease. This, combined with the downgraded ratings from analysts, could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100