On a relative basis, the stock has outperformed the S&P 500 by 2.28% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.59% in the last 1 week, and is up 6.75% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 4.53% and the 50-Day Moving Average is 8.8%.
Costco Wholesale Corporation (NASDAQ:COST): The stock opened at $167.44 on Friday but the bulls could not build on the opening and the stock topped out at $167.44 for the day. The stock traded down to $165.60 during the day, due to lack of any buying support eventually closed down at $166.41 with a loss of -0.32% for the day. The stock had closed at $166.94 on the previous day. The total traded volume was 1,962,460 shares.
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 -16.79% . 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 -17.53%. 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.