This Is What Whales Are Betting On Costco Wholesale
Portfolio Pulse from Benzinga Insights
Wealthy investors have taken a bearish stance on Costco Wholesale (NASDAQ:COST), as indicated by 23 uncommon options trades detected by Benzinga's options scanner. The sentiment is split with 26% bullish and 39% bearish. Significant trades include both puts and calls, with a predicted price range of $635 to $1000. Analysts maintain positive ratings with an average target price of $881.
June 20, 2024 | 2:31 pm
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Wealthy investors have taken a bearish stance on Costco Wholesale (NASDAQ:COST), as indicated by 23 uncommon options trades detected by Benzinga's options scanner. The sentiment is split with 26% bullish and 39% bearish. Significant trades include both puts and calls, with a predicted price range of $635 to $1000.
The detection of 23 uncommon options trades with a predominantly bearish sentiment suggests that significant investors are expecting a potential decline in Costco's stock price. This bearish stance could influence retail traders and impact the stock negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100