Looking At Costco Wholesale's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Costco Wholesale (NASDAQ:COST) as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 40% bullish and 60% bearish. Whales have been targeting a price range from $500.0 to $740.0 for Costco Wholesale over the last 3 months. The price of COST is currently down -1.12% at $559.32. B of A Securities, Roth MKM, and DA Davidson have maintained their ratings on Costco, while Telsey Advisory Group downgraded its action to Outperform.
October 20, 2023 | 6:00 pm
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Unusual options activity indicates a bearish stance on Costco Wholesale. The price of COST is currently down -1.12% at $559.32. Analysts have mixed ratings on the stock.
The unusual options activity, with a bearish sentiment, indicates that traders are expecting the price of Costco Wholesale to decrease. This, combined with the current price decrease and mixed analyst ratings, could potentially impact the stock negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100