Behind the Scenes of Costco Wholesale's Latest Options Trends
Portfolio Pulse from Benzinga Insights
Costco Wholesale (NASDAQ:COST) has seen significant bullish activity in its options market, with 41 unusual trades identified. The majority of these trades are call options, indicating a positive sentiment among traders. Analysts have mixed ratings, with price targets ranging from $890 to $975. The stock is currently trading at $894.29, slightly down by 0.25%, and is approaching overbought levels according to RSI indicators.
September 10, 2024 | 8:15 pm
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Costco Wholesale has experienced a notable increase in bullish options activity, with 41 unusual trades, predominantly call options. Analysts have mixed views, with price targets ranging from $890 to $975. The stock is currently trading at $894.29, down by 0.25%, and may be approaching overbought levels.
The significant bullish options activity suggests positive sentiment among traders, which could lead to a short-term price increase. However, mixed analyst ratings and the stock's current overbought status may temper this optimism.
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IMPORTANCE 80
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