Investors Purchase Large Volume of Call Options on Costco Wholesale (COST)
Shares of Costco Wholesale (NASDAQ:COST) were the target of some unusual options trading activity on Thursday. Stock traders acquired 11,073 call options on the company, American Banking and Market News reports. This is an increase of approximately 193% compared to the typical volume of 3,783 call options.
In other Costco Wholesale news, VP Timothy L. Rose unloaded 5,439 shares of Costco Wholesale stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $121.50, for a total value of $660,838.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Northcoast Research upgraded shares of Costco Wholesale from a “neutral” rating to a “buy” rating in a research note on Wednesday. Separately, analysts at S&P Equity Research raised their price target on shares of Costco Wholesale from $459.00 to $473.00 in a research note on Tuesday, July 29th. They now have a “buy” rating on the stock. Finally, analysts at Goldman Sachs upgraded shares of Costco Wholesale from a “neutral” rating to a “conviction-buy” rating in a research note on Tuesday, July 29th. They now have a $136.00 price target on the stock. Three analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $159.27.
Shares of Costco Wholesale (NASDAQ:COST) traded up 3.13% during mid-day trading on Thursday, hitting $125.15. 4,438,830 shares of the company’s stock traded hands. Costco Wholesale has a one year low of $109.50 and a one year high of $126.12. The stock has a 50-day moving average of $119.1 and a 200-day moving average of $115.9. The company has a market cap of $54.853 billion and a P/E ratio of 27.16.
Costco Wholesale Corporation (NASDAQ:COST) with its subsidiaries is engaged in the operation of membership warehouses in the United States and Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Australia, and through majority owned subsidiaries in Taiwan and Korea.
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