This Is What Whales Are Betting On Costco Wholesale
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 options history. The sentiment among big-money traders is split between 46% bullish and 53% bearish. The whales have been targeting a price range from $450.0 to $580.0 for Costco Wholesale over the last 3 months. Telsey Advisory Group and JP Morgan maintain their positive ratings on Costco, while HSBC downgraded its action to Hold.
October 19, 2023 | 3:18 pm
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A large investor has taken a bearish stance on Costco Wholesale, with big-money traders sentiment split between bullish and bearish. Analysts from Telsey Advisory Group and JP Morgan maintain positive ratings, while HSBC downgraded to Hold.
The bearish stance taken by a large investor, along with the split sentiment among big-money traders, could potentially lead to a decrease in Costco's stock price in the short term. However, the positive ratings maintained by Telsey Advisory Group and JP Morgan may mitigate this impact to some extent. HSBC's downgrade to Hold adds to the bearish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100