Costco Wholesale Corp’s recent filing unveils that its Officer THE MILLER FAMILY TRUST acquired Company’s shares for reported $3.92 million on Oct 11 ’24. In the deal valued at $891.15 per share,4,400 shares were bought.
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Then, Adamo Claudine sold 3,200 shares, generating $2,844,778 in total proceeds. Upon selling the shares at $888.99, the Executive Vice President now owns 8,630 shares.
Before that, Callans Patrick J sold 2,500 shares. Costco Wholesale Corp shares valued at $2,234,850 were divested by the Executive Vice President at a price of $893.94 per share. As a result of the transaction, Callans Patrick J now holds 66,414 shares, worth roughly $59.04 million.
Oppenheimer reiterated its Costco Wholesale Corp [COST] rating to an Outperform in a research note published on October 10, 2024; the price target was $980. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in late September has reiterated a ‘”an Outperform”‘ rating for it. Truist also remained covering COST and has decreased its forecast on September 24, 2024 with a “Hold” recommendation from previously “Buy” rating. Redburn Atlantic revised its rating on September 10, 2024. It rated COST as “a Neutral” which previously was an “a Buy”.
Price Performance Review of COST
On Friday, Costco Wholesale Corp [NASDAQ:COST] saw its stock fall -0.51% to $889.03. Over the last five days, the stock has gained 0.67%. Costco Wholesale Corp shares have risen nearly 34.69% since the year began. Nevertheless, the stocks have risen 60.78% 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 $881.39, while 200 days put it at $791.07.
Levels Of Support And Resistance For COST Stock
The 24-hour chart illustrates a support level at 884.85, which if violated will result in even more drops to 880.68. On the upside, there is a resistance level at 893.85. A further resistance level may holdings at 898.68. The Relative Strength Index (RSI) on the 14-day chart is 49.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 7.68, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 52.05%. Stochastics %K at 59.55% 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 2024-09-30, dropping by -0.51 million shares to a total of 6.82 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 7.33 million shares. There was a decline of -7.46%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on September 09, 2024 when Morgan Stanley resumed its ‘”an Overweight”‘ rating for the stock and retained the price target to $950.
