Costco Wholesale Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bullish stance on Costco Wholesale (NASDAQ:COST) has been observed, with unusual options activity. The sentiment among big-money traders is split between 61% bullish and 38% bearish. Whales have been targeting a price range from $410.0 to $600.0 for Costco Wholesale over the last 3 months. Telsey Advisory Group, Baird, and Citigroup have given price targets of $540, $550, and $530 respectively.
July 18, 2023 | 2:03 pm
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Unusual bullish options activity has been observed for Costco Wholesale. The sentiment among big-money traders is 61% bullish. Analysts have given varying price targets.
The unusual options activity indicates that there is a significant amount of money betting on the stock's rise. This, combined with the bullish sentiment among big-money traders, suggests a positive short-term impact on the stock. However, the varying price targets given by analysts introduce some uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100