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Is Costco Wholesale Corporation (COST) a Stock to Watch After Gaining 6.10% This Week?

Friday, March 26, 2021 03:35 PM | InvestorsObserver Analysts

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Is Costco Wholesale Corporation (COST) a Stock to Watch After Gaining 6.10% This Week?

Costco Wholesale Corporation (COST) stock has risen 6.10% 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?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.

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 is trading at $348.97 as of 3:29 PM on Friday, Mar 26, a rise of $2.63, or 0.76% from the previous closing price of $346.34. The stock has traded between $344.10 and $350.49 so far today. Volume today is less active than usual. So far 1,968,207 shares have traded compared to average volume of 3,634,632 shares.

To screen for more stocks like 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.

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