Costco Wholesale Corp’s recently made public that its Executive Vice President Adamo Claudine unloaded Company’s shares for reported $2.84 million on Sep 30 ’24. In the deal valued at $888.99 per share,3,200 shares were sold. As a result of this transaction, Adamo Claudine now holds 8,630 shares worth roughly $7.62 million.
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Then, Callans Patrick J sold 2,500 shares, generating $2,234,850 in total proceeds. Upon selling the shares at $893.94, the Executive Vice President now owns 66,414 shares.
Before that, Frates Caton sold 1,700 shares. Costco Wholesale Corp shares valued at $1,501,695 were divested by the Executive Vice President at a price of $883.35 per share. As a result of the transaction, Frates Caton now holds 9,682 shares, worth roughly $8.55 million.
Telsey Advisory Group reiterated its Costco Wholesale Corp [COST] rating to an Outperform in a research note published on September 27, 2024; the price target was $1000. A number of analysts have revised their coverage, including Truist’s analysts, who decreased its forecast for the stock in late September from “a Buy” to “a Hold”. Redburn Atlantic also remained covering COST and has decreased its forecast on September 10, 2024 with a “Neutral” recommendation from previously “Buy” rating. Morgan Stanley maintained its rating on September 09, 2024. It rated COST as “an Overweight”.
Price Performance Review of COST
On Friday, Costco Wholesale Corp [NASDAQ:COST] saw its stock jump 0.85% to $883.11. Over the last five days, the stock has lost -0.28%. Costco Wholesale Corp shares have risen nearly 33.79% since the year began. Nevertheless, the stocks have risen 57.96% over the past one year. While a 52-week high of $923.83 was reached on 09/13/24, a 52-week low of $528.22 was recorded on 01/04/24. SMA at 50 days reached $873.92, while 200 days put it at $785.54.
Levels Of Support And Resistance For COST Stock
The 24-hour chart illustrates a support level at 877.76, which if violated will result in even more drops to 872.40. On the upside, there is a resistance level at 886.38. A further resistance level may holdings at 889.64. The Relative Strength Index (RSI) on the 14-day chart is 47.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -14.67, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 69.53%. Stochastics %K at 21.96% 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 2024-09-13, growing by 0.27 million shares to a total of 7.12 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 6.85 million shares. There was a rise of 3.81%, which implies that there is a positive sentiment for the stock.
