Looking At Costco Wholesale's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bullish stance on Costco Wholesale (NASDAQ:COST), with 50% of recent trades being bullish and 50% bearish. The trades include 4 puts totaling $646,839 and 6 calls totaling $354,793. The price target for Costco over the last 3 months has been between $250 and $840. The current price of COST is up 1.22% at $558.76. Analysts from Jefferies, Truist Securities, and Oppenheimer maintain a 'Buy' rating on Costco, while Telsey Advisory Group and Citigroup have downgraded their ratings to 'Outperform' and 'Neutral' respectively.
August 07, 2023 | 2:45 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Costco Wholesale has seen significant options activity, with a mix of bullish and bearish trades. The stock's price is currently up, and analyst ratings are mixed.
The news indicates a significant level of options activity for Costco, suggesting that investors are actively trading the stock. However, the equal split between bullish and bearish trades suggests uncertainty about the stock's future direction. The stock's current price increase and the mixed analyst ratings further contribute to this uncertainty.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100