In a filing, Costco Wholesale Corp revealed its Executive VP Callans Patrick J unloaded Company’s shares for reported $1.79 million on Mar 11 ’24. In the deal valued at $714.86 per share,2,500 shares were sold. As a result of this transaction, Callans Patrick J now holds 62,895 shares worth roughly $44.77 million.
Then, Adamo Claudine sold 1,500 shares, generating $1,072,238 in total proceeds. Upon selling the shares at $714.83, the Executive Vice President now owns 6,695 shares.
Before that, DECKER SUSAN L sold 1,442 shares. Costco Wholesale Corp shares valued at $1,043,257 were divested by the Director at a price of $723.48 per share. As a result of the transaction, DECKER SUSAN L now holds 12,395 shares, worth roughly $8.82 million.
Gordon Haskett downgraded its Costco Wholesale Corp [COST] rating to a Accumulate from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in early March has reiterated a ‘”an Outperform”‘ rating for it. Telsey Advisory Group also remained covering COST and reiterated its “an Outperform” recommendation on March 04, 2024. Telsey Advisory Group maintained its rating on February 06, 2024. It rated COST as “an Outperform”.
Price Performance Review of COST
On Monday, Costco Wholesale Corp [NASDAQ:COST] saw its stock fall -0.27% to $711.81. Over the last five days, the stock has lost -1.31%. Costco Wholesale Corp shares have risen nearly 7.84% since the year began. Nevertheless, the stocks have risen 46.44% over the past one year. While a 52-week high of $787.08 was reached on 03/07/24, a 52-week low of $466.15 was recorded on 01/04/24. SMA at 50 days reached $727.26, while 200 days put it at $618.17. A total of 1.43 million shares were traded, compared to the trading of 0.36 million shares in the previous session.
Levels Of Support And Resistance For COST Stock
The 24-hour chart illustrates a support level at 709.74, which if violated will result in even more drops to 707.67. On the upside, there is a resistance level at 715.01. A further resistance level may holdings at 718.21. The Relative Strength Index (RSI) on the 14-day chart is 41.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -14.54, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.58%. Stochastics %K at 23.38% indicates the stock is a holding.
How much short interest is there in Costco Wholesale Corp?
A steep rise in short interest was recorded in Costco Wholesale Corp stocks on Mar 15, 2024, growing by 0.44 million shares to a total of 6.76 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 6.32 million shares. There was a rise of 6.51%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.53% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.62.
