Large Inflow of Money Detected in Costco Wholesale Corporation

Costco Wholesale Corporation (COST) : Wednesdays money flow indicated an uptick to downtick ratio was at 1.15. The total value of inflow transactions on upticks was $47.84 million, whereas, the total value of outflow trades on downticks was $41.42 million. The total money flow was $6.42 million, which shows a mild bullish bias. The total money flow into the stock in block trades was $5.77 million. The total value of the trades done on upticks was $5.77 million. Costco Wholesale Corporation (COST) was trading with a -0.05% change over previous days close. It fell $0.08 during the day and reached $168.04. The stock was 0.98% compared to the previous weeks close.


Also, 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 (NASDAQ:COST): The stock opened at $168.25 on Wednesday but the bulls could not build on the opening and the stock topped out at $168.26 for the day. The stock traded down to $166.95 during the day, due to lack of any buying support eventually closed down at $168.04 with a loss of -0.05% for the day. The stock had closed at $168.12 on the previous day. The total traded volume was 1,336,877 shares.

The stock has recorded a 20-day Moving Average of 4.46% and the 50-Day Moving Average is 9.06%. In a related news,The officer (Former Executive VP) of Costco Wholesale Corp /New, Schutt Douglas W sold 14,656 shares at $166.76 on July 11, 2016. The Insider selling transaction had a total value worth of $2,444,035. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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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