Looking At Costco Wholesale's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Costco Wholesale (NASDAQ:COST) by a large investor, as observed in the unusual options activity. The sentiment among these big-money traders is almost evenly split, with 48% bullish and 52% bearish. The price target for Costco Wholesale over the last three months has been between $220.0 and $595.0. Analysts from Jefferies, Truist Securities, and Oppenheimer maintain a 'Buy' rating on Costco, while Telsey Advisory Group has downgraded its action to 'Outperform'.
August 14, 2023 | 6:46 pm
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A large investor has taken a bearish stance on Costco Wholesale, indicating potential downward pressure on the stock. However, several analysts maintain positive ratings on the company.
The bearish stance taken by a large investor in the options market could put downward pressure on Costco's stock price in the short term. However, the positive ratings maintained by several analysts could counteract this to some extent.
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