Costco Wholesale Corporation (NASDAQ:COST) has climbed 0.66% in the past week and advanced 9.25% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 1.87% and the outperformance has advanced to 8.25% for the last 4 weeks period.
Costco Wholesale Corporation (NASDAQ:COST): The stock opened at $157.03 on Friday but the bulls could not build on the opening and the stock topped out at $157.25 for the day. The stock traded down to $155.76 during the day, due to lack of any buying support eventually closed down at $155.89 with a loss of -0.34% for the day. The stock had closed at $156.42 on the previous day. The total traded volume was 2,858,208 shares.
The company shares have rallied 11.11% from its 1 Year high price. On Dec 8, 2015, the shares registered one year high at $169.73 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $149.38 and the 200 Day Moving Average price is recorded at $152.93.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Mckay John D, officer (Executive Vice President) of Costco Wholesale Corp /New, had unloaded 4,455 shares at an average price of $159 in a transaction dated on March 31, 2016. The total value of the transaction was worth $708,345.
Many analysts have stated their opinion on the company shares. Goldman Sachs upgrades their rating on the shares of Costco Wholesale Corporation (NASDAQ:COST). The current rating of the shares is Buy. Earlier, the shares were rated a Neutral by the brokerage firm. Equity Analysts at the Firm raises the price target to $175 per share from $169 per share. The rating by the firm was issued on June 1, 2016. Currently the company Insiders own 0.78% of Costco Wholesale Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -5.51% . Institutional Investors own 76.38% of Costco Wholesale Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -6.6%.
Costco Wholesale Corporation (Costco) is engaged in the operation of membership warehouses in the United States (U.S.) and Puerto Rico, Canada, United Kingdom (U.K.), Mexico, Japan, Australia, Spain, and through majority-owned subsidiaries in Taiwan and Korea. The Company operated 663 membership warehouses and an average warehouse is approximately 144,000 square feet. The Companys warehouses generally operate on a seven-day, 69-hour week. The Companys product categories include Food, Sundries, Hardlines, Fresh Food, Softlines, Ancillary and Other. The Companys online business provides products, which include services, such as photo processing, pharmacy, travel, business delivery, and membership services.