Large Outflow of Money Witnessed in Costco Wholesale Corporation

Costco Wholesale Corporation (NASDAQ:COST) managed to stay afloat and traded higher with an addition of 0.08 point or 0.05% at $154.95. The money flow data is a negative $(-25.04) million with $84.22 million in upticks and $109.26 million in downticks. The intraday up/down ratio came in at 0.77. The shares have seen 2.14% change for the week in its share price.From the data available, it was found that a block transaction occurred during the course of trading. For it, the aggregated worth of the upticks was $0 million and the combined worth of the downticks was $26.67, Million, leading to the up/down ratio of 0. The block trade saw a net money flow of $(-26.67) million.


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%. 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.

Costco Wholesale Corporation (NASDAQ:COST) : On Monday heightened volatility was witnessed in Costco Wholesale Corporation (NASDAQ:COST) which led to swings in the share price. The stock opened for trading at $154.76 and hit $155.96 on the upside , eventually ending the session at $154.95, with a gain of 0.05% or 0.08 points. The heightened volatility saw the trading volume jump to 2,576,602 shares. The 52-week high of the share price is $169.73 and the company has a market cap of $67,878 million. The 52-week low of the share price is at $117.03 .

Many analysts have stated their opinion on the company shares. Major Brokerage house, Goldman Sachs upgrades its ratings on Costco Wholesale Corporation (NASDAQ:COST). In the latest research report, Goldman Sachs raises the target price from $169 per share to $175 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on June 1, 2016.

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.

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