Check Out What Whales Are Doing With COST
Portfolio Pulse from Benzinga Insights
Investors with significant capital have shown a bullish stance on Costco Wholesale (NASDAQ:COST), as evidenced by 27 unusual options trades detected by Benzinga's options scanner. The sentiment is mixed, with 40% bullish and 37% bearish. The trades include 6 puts totaling $202,951 and 21 calls totaling $1,313,088. Analysts maintain positive ratings with a consensus target price of $950.4.
July 15, 2024 | 3:31 pm
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Significant options activity detected for Costco Wholesale (NASDAQ:COST) with a mixed sentiment but a majority of bullish trades. Analysts maintain positive ratings with a consensus target price of $950.4.
The detection of 27 unusual options trades, predominantly bullish, suggests that significant investors are optimistic about Costco's short-term performance. Additionally, analysts' positive ratings and high target prices further support a likely upward movement in the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100