Looking At Costco Wholesale's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant number of investors have taken a bullish stance on Costco Wholesale (NASDAQ:COST), with 63% of recent unusual options trades being bullish and 36% bearish. The trades have targeted a price range of $250.0 to $740.0 for Costco over the last 3 months. The current price of COST is up 0.41% at $548.91. Telsey Advisory Group and Stifel have downgraded their actions to Outperform and Buy respectively, both with a price target of $575. Evercore ISI Group has maintained their Outperform rating with a price target of $595.
September 07, 2023 | 6:32 pm
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POSITIVE IMPACT
Bullish sentiment in recent unusual options trades could potentially drive Costco's stock price up in the short term. However, the downgrades by Telsey Advisory Group and Stifel might temper this effect.
The bullish sentiment in recent unusual options trades indicates a positive outlook for Costco's stock. This could potentially drive the stock price up in the short term. However, the downgrades by Telsey Advisory Group and Stifel, despite being accompanied by relatively high price targets, might introduce some uncertainty and temper the bullish effect.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100