Costco Wholesale Corp’s recently made public that its Senior EVP Miller Russell D unloaded Company’s shares for reported $0.57 million on Apr 17 ’24. In the deal valued at $722.86 per share,785 shares were sold. As a result of this transaction, Miller Russell D now holds 10,000 shares worth roughly $8.48 million.
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Then, Callans Patrick J sold 2,500 shares, generating $1,787,150 in total proceeds. Upon selling the shares at $714.86, the Executive VP now owns 62,895 shares.
Before that, Adamo Claudine sold 1,500 shares. Costco Wholesale Corp shares valued at $1,072,238 were divested by the Executive Vice President at a price of $714.83 per share. As a result of the transaction, Adamo Claudine now holds 6,695 shares, worth roughly $5.68 million.
Telsey Advisory Group reiterated its Costco Wholesale Corp [COST] rating to an Outperform in a research note published on June 06, 2024; the price target was $900. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in late May has reiterated a ‘”an Outperform”‘ rating for it. Gordon Haskett also remained covering COST and has decreased its forecast on April 03, 2024 with a “Accumulate” recommendation from previously “Buy” rating. Telsey Advisory Group maintained its rating on March 08, 2024. It rated COST as “an Outperform”.
Price Performance Review of COST
On Monday, Costco Wholesale Corp [NASDAQ:COST] saw its stock jump 0.33% to $848.34. Over the last five days, the stock has gained 4.04%. Costco Wholesale Corp shares have risen nearly 28.52% since the year began. Nevertheless, the stocks have risen 66.82% over the past one year. While a 52-week high of $850.38 was reached on 06/07/24, a 52-week low of $501.10 was recorded on 01/04/24. SMA at 50 days reached $761.03, while 200 days put it at $666.61. A total of 1.37 million shares were traded, compared to the trading of 1.59 million shares in the previous session.
Levels Of Support And Resistance For COST Stock
The 24-hour chart illustrates a support level at 844.23, which if violated will result in even more drops to 840.11. On the upside, there is a resistance level at 850.97. A further resistance level may holdings at 853.59. The Relative Strength Index (RSI) on the 14-day chart is 78.58, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 26.42, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.28%. Stochastics %K at 92.80% indicates the stock is a selling.
The most recent change occurred on March 04, 2024 when Telsey Advisory Group resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $785.
