What the Options Market Tells Us About Costco Wholesale
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing a bullish sentiment towards Costco Wholesale (NASDAQ:COST) as revealed by Benzinga's options scanner, which detected 51 extraordinary options activities. The majority of these are call options, indicating a positive outlook. Analysts have also given favorable ratings, with an average target price of $910.0.
September 09, 2024 | 6:46 pm
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POSITIVE IMPACT
Costco Wholesale (COST) has seen significant bullish options activity, with 39 call options totaling $1,803,267. Analysts have given positive ratings, with an average target price of $910.0, suggesting a favorable short-term outlook.
The detection of 51 extraordinary options activities, predominantly call options, indicates a bullish sentiment among investors. Analysts' ratings further support this positive outlook, with an average target price of $910.0. This suggests a likely upward movement in COST's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100