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Is it Time to Dump Costco Wholesale Corporation (COST) Stock After it Is Up 6.14% in a Week?

Monday, October 25, 2021 01:51 PM | InvestorsObserver Analysts
Is it Time to Dump Costco Wholesale Corporation (COST) Stock After it Is Up 6.14% in a Week?

The market has been high on Costco Wholesale Corporation (COST) stock recently. COST gets a Bullish score from InvestorsObserver Stock 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?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With COST Stock Today?

Costco Wholesale Corporation (COST) stock is trading at $490.31 as of 1:47 PM on Monday, Oct 25, a rise of $8.32, or 1.73% from the previous closing price of $481.99. The stock has traded between $479.50 and $492.21 so far today. Volume today is below average. So far 1,003,773 shares have traded compared to average volume of 1,847,807 shares. 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 Report for Costco Wholesale Corporation stock.

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