Costco Wholesale Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Recent analysis of options activity for Costco Wholesale (NASDAQ:COST) reveals a predominantly bearish sentiment among investors, with 69% of detected trades being bearish. The trading volume and open interest suggest that market movers anticipate Costco's stock to fluctuate between $500.0 and $800.0. Despite this, Costco's current market status shows a slight decrease in stock price to $732.15, with neutral RSI indicators. Analysts remain optimistic, with a consensus target price of $814.0 and ratings ranging from Outperform to Equal-Weight.
March 25, 2024 | 4:07 pm
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NEUTRAL IMPACT
Costco Wholesale's options activity shows a bearish trend among investors, but analysts maintain a positive outlook with a target price of $814. The stock's current slight decline and neutral RSI indicators suggest cautious market sentiment.
The bearish sentiment in options trading contrasts with the bullish stance of market analysts, indicating a mixed short-term outlook for Costco. The current price movement and neutral RSI indicators suggest a cautious approach among investors, potentially leading to short-term price stability or minor fluctuations.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100