Costco Wholesale 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 split between 21% bullish and 78% bearish. The price of COST is currently down -0.3% at $559.79. Analysts from Telsey Advisory Group, Jefferies, UBS, and Oppenheimer have given price targets ranging from $575 to $640.
August 15, 2023 | 7:46 pm
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A large investor has taken a bearish stance on Costco Wholesale, with unusual options activity indicating a split sentiment among big-money traders. Analysts have given price targets ranging from $575 to $640.
The bearish stance taken by a large investor, as indicated by the unusual options activity, could potentially drive the stock price down in the short term. The price targets given by analysts suggest a potential upside, but the overall sentiment among big-money traders is predominantly bearish, which could outweigh the positive impact of the analyst ratings.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100