Looking At Costco Wholesale's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Recent unusual options activity for Costco Wholesale (NASDAQ:COST) indicates a bearish stance among big-money investors. Benzinga's options scanner identified 10 uncommon options trades, with a split sentiment of 30% bullish and 40% bearish. The trades suggest a targeted price range of $485.0 to $1340.0 for COST over the last three months. Analysts maintain a positive outlook with an average target price of $923.4.
August 12, 2024 | 2:31 pm
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Recent unusual options activity for Costco Wholesale indicates a bearish stance among big-money investors, with a split sentiment of 30% bullish and 40% bearish. Analysts maintain a positive outlook with an average target price of $923.4.
The unusual options activity, particularly the higher percentage of bearish trades, suggests that big-money investors are anticipating a potential decline in Costco's stock price. However, the positive analyst ratings and target prices provide a counterbalance, indicating mixed short-term impacts.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100