Costco Wholesale Unusual Options Activity For October 13
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 sentiment among these big-money traders is split between 27% bullish and 72% bearish. The whales have been targeting a price range from $515.0 to $575.0 for Costco Wholesale over the last 3 months. Analysts from BMO Capital and Argus Research maintain their positive ratings on Costco, while HSBC and Telsey Advisory Group have downgraded their ratings.
October 13, 2023 | 4:01 pm
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Unusual options activity indicates a bearish stance on Costco Wholesale. Analysts' ratings are mixed.
The unusual options activity, with a majority being bearish, indicates that large investors are expecting Costco's stock price to decrease. This could potentially lead to a short-term drop in the stock price. However, the mixed ratings from analysts suggest uncertainty in the market, which could moderate the impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100