Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Costco Wholesale Corp shares valued at $567,443 were sold by Miller Russell D on Apr 17 ’24. At $722.86 per share, Miller Russell D sold 785 shares. The insider’s holdings dropped to 10,000 shares worth approximately $7.11 million following the completion of this transaction.
Also, Callans Patrick J sold 2,500 shares, netting a total of over 1,787,150 in proceeds. Following the sale of shares at $714.86 each, the insider now holds 62,895 shares.
Before that, Adamo Claudine had sold 1,500 shares from its account. In a trade valued at $1,072,238, the Executive Vice President traded Costco Wholesale Corp shares for $714.83 each. Upon closing the transaction, the insider’s holdings decreased to 1,500 shares, worth approximately $4.76 million.
As published in a research note from Gordon Haskett on April 03, 2024, Costco Wholesale Corp [COST] has been rated down from a Buy to a Accumulate and the price target has been revised to $775. Analysts at Telsey Advisory Group resumed the stock at ‘”an Outperform”‘ outlook in a report released in early March. As of March 04, 2024, Telsey Advisory Group has reiterated its “an Outperform” rating for COST. Earlier on February 06, 2024, Telsey Advisory Group resumed its rating. Their recommendation was “an Outperform” for COST stock.
Analyzing COST Stock Performance
During the last five days, there has been a drop of approximately -2.88%. Over the course of the year, Costco Wholesale Corp shares have jumped approximately 7.75%. Shares of the company reached a 52-week high of $787.08 on 03/07/24 and a 52-week low of $640.51 on 01/04/24. A 50-day SMA is recorded $730.32, while a 200-day SMA reached $625.77. Nevertheless, trading volume fell to 1.74 million shares from 1.38 million shares the previous day.
Support And Resistance Levels for Costco Wholesale Corp (COST)
According to the 24-hour chart, there is a support level at 707.56, which, if violated, would cause prices to drop to 703.88. In the upper region, resistance lies at 716.94. The next price resistance is at 722.64. RSI (Relative Strength Index) is 42.26 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.59, which suggests the price will decrease in the coming days. Percent R is at 68.03%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
