Behind the Scenes of Costco Wholesale's Latest Options Trends
Portfolio Pulse from Benzinga Insights
Recent options trading activity for Costco Wholesale (NASDAQ:COST) indicates a mixed sentiment among big-money investors, with a bearish lean. Benzinga's options scanner revealed 21 unusual trades, showing a split sentiment of 42% bullish and 57% bearish. Significant trades include both calls and puts with strike prices ranging from $360 to $1140. Costco's current market status shows a 1.41% increase in stock price to $714.82, with neutral RSI indicators. Analyst ratings over the last 30 days have set an average price target of $788, with varying recommendations from Buy to Accumulate.
April 05, 2024 | 6:00 pm
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NEUTRAL IMPACT
Costco's recent options activity indicates mixed investor sentiment, with a slight bearish lean. The stock is currently up, and analysts have set an average price target of $788, suggesting potential upside.
The mixed sentiment in options trading, combined with the current positive stock performance and analyst targets, suggests a neutral short-term impact. The bearish lean in options might be balanced by the overall positive outlook from analysts.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100