Looking At Costco Wholesale's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Costco Wholesale (NASDAQ:COST), with a majority of investors taking a bearish stance. The price range targeted by these investors over the last three months is between $480.0 and $625.0. Telsey Advisory Group has downgraded its action to Outperform with a price target of $575, while UBS and Evercore ISI Group maintain their Buy and Outperform ratings respectively, with price targets of $640 and $595.
August 31, 2023 | 2:47 pm
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Costco Wholesale has seen unusual options activity, with a majority of investors taking a bearish stance. Analysts have mixed views, with Telsey Advisory Group downgrading its rating but maintaining a price target of $575, while UBS and Evercore ISI Group maintain positive ratings with higher price targets.
The bearish stance taken by a majority of investors in the options market could potentially put downward pressure on Costco's stock price in the short term. However, the analyst ratings and price targets suggest a more positive outlook in the longer term.
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IMPORTANCE 80
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