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Is Costco Wholesale Corporation (COST) a Stock to Watch After Gaining 0.08% This Week?

Friday, April 30, 2021 02:42 PM | InvestorsObserver Analysts

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Is Costco Wholesale Corporation (COST) a Stock to Watch After Gaining 0.08% This Week?

Costco Wholesale Corporation (COST) stock has risen 0.08% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.

Sentiment Score - ,bullish
Costco Wholesale Corporation has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on COST!

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.

Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.

InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.

The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With COST Stock Today?

Costco Wholesale Corporation (COST) stock has risen 0.01% while the S&P 500 is lower by -0.65% as of 2:37 PM on Friday, Apr 30. COST has gained $0.05 from the previous closing price of $373.54 on volume of 760,372 shares. Over the past year the S&P 500 has risen 42.34% while COST has gained 21.65%. COST earned $9.78 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 38.2.

To see the top 5 stocks in the Discount Stores industry 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.

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