Costco Wholesale Unusual Options Activity For July 14
Portfolio Pulse from Benzinga Insights
A significant bullish stance on Costco Wholesale (NASDAQ:COST) has been observed, with 17 uncommon options trades spotted. The sentiment among these big-money traders is 70% bullish and 29% bearish. The whales have been targeting a price range from $280.0 to $580.0 for Costco Wholesale over the last 3 months. Telsey Advisory Group and Baird maintain their Outperform rating on Costco Wholesale, while Citigroup downgraded its action to Neutral.
July 14, 2023 | 5:31 pm
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Uncommon options trades indicate a significant bullish stance on Costco Wholesale. Analysts from Telsey Advisory Group and Baird maintain Outperform rating, while Citigroup downgraded to Neutral.
The uncommon options trades indicate that big-money traders are largely bullish on Costco, which could drive the stock price up in the short term. However, the mixed analyst ratings suggest some uncertainty, which could moderate the impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100