Smart Money Is Betting Big In COST Options
Portfolio Pulse from Benzinga Insights
Recent options trading activity for Costco Wholesale (NASDAQ:COST) shows a bearish sentiment among investors, with a higher percentage of bearish trades compared to bullish ones. The trading volume and open interest trends indicate a targeted price range from $370.0 to $1160.0 for Costco over the last 3 months. Current market data reveals COST's stock price is up by 0.51%, trading at $735.01, with potential overbought signals and an earnings announcement expected in 38 days. Market experts have issued ratings with a consensus target price of $776.0, varying from $680 to $820.
April 15, 2024 | 1:46 pm
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Bearish options trading activity observed, with a price target range from $370 to $1160. COST's stock is currently up, trading at $735.01, with an earnings announcement expected soon. Analyst consensus targets a $776 price.
The bearish sentiment in options trading could indicate investor caution or speculation on a price adjustment, potentially impacting short-term stock movement. However, the current uptick in stock price and the upcoming earnings announcement could counterbalance the bearish outlook, leading to a neutral short-term impact. Analyst ratings and target prices suggest a positive outlook, further complicating the short-term impact assessment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100