The market has been high on Costco Wholesale Corporation (COST) stock recently. COST gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With COST Stock Today?
Costco Wholesale Corporation (COST) stock has fallen -1.89% while the S&P 500 has gained 0.21% as of 10:31 AM on Friday, May 28. COST is down -$7.30 from the previous closing price of $387.50 on volume of 1,334,097 shares. Over the past year the S&P 500 has risen 38.65% while COST has gained 24.24%. COST earned $9.78 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 38.98.
To see InvestorsObserver's Sentiment Score for Costco Wholesale Corporation click here.
More About Costco Wholesale Corporation
The leading warehouse club, Costco has 795 stores worldwide (at the end of fiscal 2020), with most sales derived in the United States (73%) and Canada (13%). It sells memberships that allow customers to shop in its warehouses, which feature low prices on a limited product assortment. Costco mainly caters to individual shoppers, but roughly 20% of paid members carry business memberships. Food and sundries accounted for 42% of fiscal 2020 sales, with hardlines 17%, ancillary businesses (such as fuel and pharmacy) nearly 17%, fresh food 14%, and softlines 10%. Costco's warehouses average around 146,000 square feet; over 75% of its locations offer fuel. About 6% of Costco's global sales come from e-commerce (excluding same-day grocery and various other services).
Click Here to get the full Stock Score Report on Costco Wholesale Corporation (COST) Stock.
