Spotlight on Costco Wholesale: Analyzing the Surge in Options Activity
Portfolio Pulse from Benzinga Insights
Costco Wholesale (NASDAQ:COST) has seen a surge in options activity, with a mix of bullish and bearish trades. Analysts maintain positive ratings with target prices around $925-$950. The stock is currently trading at $884.41, down 0.89%, with earnings expected in 23 days.
September 03, 2024 | 2:33 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Costco Wholesale has experienced a notable increase in options trading activity, with a balanced mix of bullish and bearish trades. Analysts have maintained positive ratings with target prices ranging from $925 to $950. The stock is currently trading at $884.41, down 0.89%, and earnings are expected in 23 days.
The surge in options activity indicates heightened interest in Costco, with both bullish and bearish trades. Analysts' positive ratings and target prices suggest confidence in Costco's performance. However, the current stock price is slightly down, and RSI indicators suggest it may be approaching overbought territory. The upcoming earnings announcement could further influence the stock's short-term movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100