What the Options Market Tells Us About Costco Wholesale
Portfolio Pulse from Benzinga Insights
Options market data reveals a bearish sentiment among large investors towards Costco Wholesale (NASDAQ:COST), with 60% of trades being bearish. Analysts maintain a positive outlook with a consensus target price of $930.4. Current trading volume is 547,314, with the stock price at $857.96, down by 0.65%.
August 13, 2024 | 4:16 pm
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Options market data indicates a bearish sentiment among large investors towards Costco Wholesale, with 60% of trades being bearish. Despite this, analysts maintain a positive outlook with a consensus target price of $930.4.
The options market data shows a significant bearish sentiment among large investors, which could negatively impact the stock price in the short term. However, the positive analyst ratings and high target prices provide a counterbalance, suggesting potential for recovery.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100