Decoding Costco Wholesale's Options Activity: What's the Big Picture?
Portfolio Pulse from Benzinga Insights
The article discusses recent options activity for Costco Wholesale (NASDAQ:COST), highlighting a bearish sentiment among financial giants. Despite this, analysts maintain positive ratings with price targets ranging from $915 to $950. The stock is currently trading at $902.97, with a slight increase of 0.25%.
September 20, 2024 | 3:46 pm
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NEUTRAL IMPACT
Costco Wholesale's options activity shows a bearish trend, with 45% of trades being bearish. However, analysts maintain positive ratings with price targets up to $950. The stock is currently trading at $902.97, up by 0.25%.
The options activity indicates a bearish sentiment, but the consistent positive analyst ratings and price targets suggest a neutral short-term impact. The stock's slight price increase and upcoming earnings report add to the neutral outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100