Costco Wholesale Corp’s filing revealed that its Executive Vice President GALANTI RICHARD A unloaded Company’s shares for reported $1.27 million on Oct 24 ’24. In the deal valued at $894.68 per share,1,416 shares were sold. As a result of this transaction, GALANTI RICHARD A now holds 27,400 shares worth roughly $26.33 million.
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Then, Jones Teresa A. sold 800 shares, generating $717,236 in total proceeds. Upon selling the shares at $896.54, the Executive Vice President now owns 2,961 shares.
Before that, GALANTI RICHARD A bought 1,417 shares. Costco Wholesale Corp shares valued at $1,267,280 were divested by the Officer at a price of $894.34 per share.
Bernstein initiated its Costco Wholesale Corp [COST] rating to an Outperform in a research note published on October 22, 2024; the price target was $1016. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who remained covering the stock and in early October has reiterated a ‘”an Outperform”‘ rating for it. Telsey Advisory Group also remained covering COST and reiterated its “an Outperform” recommendation on September 27, 2024. Truist revised its rating on September 24, 2024. It rated COST as “a Hold” which previously was an “a Buy”.
Price Performance Review of COST
On Monday, Costco Wholesale Corp [NASDAQ:COST] saw its stock fall -0.32% to $960.89. Over the last five days, the stock has gained 4.50%. Costco Wholesale Corp shares have risen nearly 45.57% since the year began. Nevertheless, the stocks have risen 66.18% over the past one year. While a 52-week high of $976.30 was reached on 11/22/24, a 52-week low of $569.87 was recorded on 01/04/24. SMA at 50 days reached $902.18, while 200 days put it at $825.66.
Levels Of Support And Resistance For COST Stock
The 24-hour chart illustrates a support level at 948.72, which if violated will result in even more drops to 936.55. On the upside, there is a resistance level at 974.03. A further resistance level may holdings at 987.17. The Relative Strength Index (RSI) on the 14-day chart is 67.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 28.38, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 17.12%. Stochastics %K at 87.26% indicates the stock is a selling.
How much short interest is there in Costco Wholesale Corp?
A steep rise in short interest was recorded in Costco Wholesale Corp stocks on 2024-10-31, dropping by -0.83 million shares to a total of 5.99 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 6.82 million shares. There was a decline of -13.85%, which implies that there is a negative sentiment for the stock.
