Costco Wholesale Unusual Options Activity For October 06
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Costco Wholesale (NASDAQ:COST) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is 84% bearish, with 12 puts amounting to $588,144 and 1 call amounting to $27,820. Whales have been targeting a price range from $530.0 to $575.0 for Costco Wholesale over the last 3 months. The current price of COST is $567.8, down by 0.3%. Analysts from B of A Securities, Raymond James, and Deutsche Bank maintain their Buy rating on Costco, while Telsey Advisory Group downgraded its action to Outperform.
October 06, 2023 | 2:31 pm
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NEGATIVE IMPACT
Unusual options activity indicates a bearish sentiment towards Costco Wholesale. This could potentially impact the stock price in the short term.
The unusual options activity, with a significant bearish sentiment, indicates that large investors are expecting the price of Costco Wholesale to decrease. This could potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100