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 trading history. The sentiment among big-money traders is 30% bullish and 70% bearish. Major market movers are focusing on a price band between $300.0 and $620.0 for Costco. Telsey Advisory Group has revised its rating downward to Outperform, adjusting the price target to $600. JP Morgan maintains an Overweight rating with a target price of $605.
November 08, 2023 | 6:01 pm
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A large investor has taken a bearish stance on Costco, with a 70% bearish sentiment among big-money traders. Analysts have a price target of $600-$605.
The bearish stance taken by a large investor, along with the 70% bearish sentiment among big-money traders, indicates a potential downward pressure on Costco's stock price. The price targets set by analysts further support this view.
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