In a filing, Costco Wholesale Corp revealed 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 $26.91 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.
Telsey Advisory Group reiterated its Costco Wholesale Corp [COST] rating to an Outperform in a research note published on December 05, 2024; the price target was $1050. A number of analysts have revised their coverage, including Bernstein’s analysts, who began to cover the stock in late October with a ‘”an Outperform”‘ rating. Oppenheimer also remained covering COST and reiterated its “an Outperform” recommendation on October 10, 2024. Telsey Advisory Group maintained its rating on September 27, 2024. It rated COST as “an Outperform”.
Price Performance Review of COST
On Tuesday, Costco Wholesale Corp [NASDAQ:COST] saw its stock fall -1.09% to $982.08. Over the last five days, the stock has lost -1.14%. Costco Wholesale Corp shares have risen nearly 48.78% since the year began. Nevertheless, the stocks have risen 52.46% over the past one year. While a 52-week high of $1008.25 was reached on 12/16/24, a 52-week low of $640.51 was recorded on 01/04/24. SMA at 50 days reached $929.59, while 200 days put it at $844.35.
Levels Of Support And Resistance For COST Stock
The 24-hour chart illustrates a support level at 976.25, which if violated will result in even more drops to 970.43. On the upside, there is a resistance level at 992.41. A further resistance level may holdings at 1,002.75. The Relative Strength Index (RSI) on the 14-day chart is 59.75, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.46, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 52.70%. Stochastics %K at 61.53% 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 2024-11-29, growing by 0.6 million shares to a total of 6.59 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 5.99 million shares. There was a rise of 9.04%, which implies that there is a positive sentiment for the stock.
