Costco Wholesale Unusual Options Activity For February 09
Portfolio Pulse from Benzinga Insights
Recent options activity for Costco Wholesale (NASDAQ:COST) shows a bearish sentiment among investors, with a higher volume of puts than calls. The trading activity suggests a price target range between $625.0 and $800.0. Analysts have mixed views on COST, with target prices ranging from $675 to $760. The company's current market position is strong, with a slight increase in stock price and a high trading volume. An earnings announcement is expected in 20 days, which could influence the stock's performance.
February 09, 2024 | 4:45 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Costco Wholesale's recent options activity indicates a bearish sentiment among investors, with a notable volume of puts. Analysts have mixed views, setting target prices between $675 and $760. The company's stock price has seen a slight increase, and an upcoming earnings announcement could significantly impact its short-term performance.
The bearish sentiment in options trading suggests some investors are expecting a price decline, while the mixed analyst ratings and the upcoming earnings announcement add uncertainty to Costco's short-term stock performance. The slight increase in stock price indicates a stable current market position, but the earnings report could sway investor sentiment significantly.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100