Costco Wholesale Options Trading: A Deep Dive into Market Sentiment
Portfolio Pulse from Benzinga Insights
Recent analysis of Costco Wholesale's (NASDAQ:COST) options trading reveals a bearish sentiment among financial giants, with 75% of trades showing bearish tendencies. The analysis highlighted unusual trades, including 6 puts and 2 calls, with a focus on a price window from $525.0 to $840.0. Costco's current stock price is $747.22, with an RSI indicating it may be overbought. Analyst ratings in the last month have varied, with an average target price of $736.8. The company's earnings announcement is expected in 9 days.
February 27, 2024 | 4:16 pm
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Costco Wholesale's bearish options sentiment and upcoming earnings announcement could influence its stock price. Analysts' average target price suggests a potential adjustment.
The bearish sentiment in options trading, combined with the RSI indicating the stock may be overbought and the upcoming earnings announcement, suggests a potential short-term price decrease. Analysts' target prices, which are close to the current stock price, reinforce this view.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100