What the Options Market Tells Us About Costco Wholesale
Portfolio Pulse from Benzinga Insights
The options market shows a bearish sentiment towards Costco Wholesale, with 37% of trades being bearish. The stock is currently trading at $888.25, with analysts maintaining an 'Outperform' rating and an average target price of $928.0. The options market indicates a focus on a price range between $645.0 and $900.0.
August 30, 2024 | 2:03 pm
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The options market indicates a bearish sentiment towards Costco Wholesale, with 37% of trades being bearish. The stock is currently trading at $888.25, with analysts maintaining an 'Outperform' rating and an average target price of $928.0.
The options market shows a significant bearish sentiment with 37% of trades being bearish, which could indicate a potential short-term price decline. However, analysts maintain an 'Outperform' rating with a target price above the current trading price, suggesting long-term confidence in the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100