Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Costco Wholesale Corp shares valued at $717,236 were purchased by Jones Teresa A. on Oct 23 ’24. At $896.54 per share, Jones Teresa A. acquired 800 shares.
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Also, Riel Pierre sold 2,000 shares, netting a total of over 1,793,426 in proceeds. Following the sale of shares at $896.71 each, the insider now holds 10,210 shares.
Before that, Miller Russell D had sold 4,400 shares from its account. In a trade valued at $3,921,069, the Sr. Executive Vice President traded Costco Wholesale Corp shares for $891.15 each. Upon closing the transaction, the insider’s holdings decreased to 4,400 shares, worth approximately $9.17 million.
As published in their initiating research note from Bernstein on October 22, 2024, Costco Wholesale Corp [COST] has been an Outperform and the price target has been revised to $1016. Analysts at Oppenheimer resumed the stock at ‘”an Outperform”‘ outlook in a report released in early October. As of September 27, 2024, Telsey Advisory Group has reiterated its “an Outperform” rating for COST. Earlier on September 24, 2024, Truist downgraded its rating. Their new recommendation was “a Hold” for COST stock which previously was a “a Buy”.
Analyzing COST Stock Performance
During the last five days, there has been a surge of approximately 1.33%. Over the course of the year, Costco Wholesale Corp shares have jumped approximately 36.22%. 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 $890.44, while a 200-day SMA reached $800.44. Nevertheless, trading volume fell to 2.19 million shares from 1.19 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 894.21, which, if violated, would cause prices to drop to 889.26. In the upper region, resistance lies at 904.90. The next price resistance is at 910.64. RSI (Relative Strength Index) is 54.90 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.79, which suggests the price will increase in the coming days. Percent R is at 28.75%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
