Market Whales and Their Recent Bets on COST Options
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have adopted a bearish approach towards Costco Wholesale (NASDAQ:COST), as revealed by Benzinga's options scanner. The significant options activity includes 4 puts and 4 calls, with a general bearish sentiment. Analysts have mixed opinions, with price targets ranging from $800 to $900.
May 29, 2024 | 2:01 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Deep-pocketed investors are showing a bearish sentiment towards Costco Wholesale (NASDAQ:COST) with significant options activity. Analysts have mixed views with price targets ranging from $800 to $900.
The significant bearish options activity suggests that major investors are expecting a decline in Costco's stock price. This sentiment is further supported by the RSI indicators hinting that the stock may be overbought. However, analysts have mixed views, with some maintaining an 'Outperform' rating and price targets ranging from $800 to $900.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100