Market Whales and Their Recent Bets on COST Options
Portfolio Pulse from Benzinga Insights
Market whales have taken a bearish stance on Costco Wholesale (NASDAQ:COST) based on recent options trades. Out of 20 trades, 50% were bearish and 30% bullish. Analysts have mixed ratings with price targets ranging from $765 to $975. The stock is currently trading at $850.02 with an RSI indicating it may be approaching overbought territory.
June 28, 2024 | 6:16 pm
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Market whales have taken a bearish stance on Costco Wholesale (NASDAQ:COST) based on recent options trades. Out of 20 trades, 50% were bearish and 30% bullish. Analysts have mixed ratings with price targets ranging from $765 to $975. The stock is currently trading at $850.02 with an RSI indicating it may be approaching overbought territory.
The majority of recent options trades on Costco Wholesale are bearish, indicating that large investors expect the stock to decline. Additionally, the RSI suggests the stock may be overbought, which could lead to a short-term price drop. Mixed analyst ratings add to the uncertainty.
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