Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Costco Wholesale Corp shares valued at $1,793,426 were sold by Riel Pierre on Oct 15 ’24. At $896.71 per share, Riel Pierre sold 2,000 shares. The insider’s holdings dropped to 10,210 shares worth approximately $9.06 million following the completion of this transaction.
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Also, Miller Russell D sold 4,400 shares, netting a total of over 3,921,069 in proceeds. Following the sale of shares at $891.15 each, the insider now holds 10,202 shares.
Before that, Riel Pierre had added 2,000 shares to its account. In a trade valued at $1,793,426, the Officer bought Costco Wholesale Corp shares for $896.71 each.
As published in a research note from Oppenheimer on October 10, 2024, Costco Wholesale Corp [COST] has been retained to an Outperform and the price target has been revised to $980. Analysts at Telsey Advisory Group resumed the stock at ‘”an Outperform”‘ outlook in a report released in late September. As of September 24, 2024, Truist has decreased its “Buy” rating to a “Hold” for COST. Earlier on September 10, 2024, Redburn Atlantic downgraded its rating. Their new recommendation was “a Neutral” for COST stock which previously was a “a Buy”.
Analyzing COST Stock Performance
During the last five days, there has been a drop of approximately -2.39%. Over the course of the year, Costco Wholesale Corp shares have jumped approximately 34.44%. Shares of the company reached a 52-week high of $923.83 on 09/13/24 and a 52-week low of $640.51 on 01/04/24. A 50-day SMA is recorded $886.01, while a 200-day SMA reached $794.48. Nevertheless, trading volume fell to 1.47 million shares from 1.61 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 880.81, which, if violated, would cause prices to drop to 874.24. In the upper region, resistance lies at 892.64. The next price resistance is at 897.89. RSI (Relative Strength Index) is 49.00 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.84, which suggests the price will increase in the coming days. Percent R is at 52.80%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
