Large Inflow of Money Detected in Costco Wholesale Corporation

Costco Wholesale Corporation (COST) : Investors lapped up stocks on upticks to the tune of $8.92 million in the Tuesdays trading session. The trading value on downticks was comparatively at $7.81 million and the uptick to downtick ratio of 1.14 indicates continuous buying by the bulls. The net money flow into the stock was $1.12 million. Upticks saw transactions worth $2.24 clearly indicating buying by large investors. The total money flow for block trades stood at $2.24 million, which is a positive for the stock in the long-term. Costco Wholesale Corporation (COST) fell $1.52 during the day at $162.46, a drop of -0.93% over the previous days close. However, for the week, the stock is -0.9%, compared to the previous week.


Also, Brokerage firm Citigroup maintains its rating on Costco Wholesale Corporation (NASDAQ:COST). As per the latest information, the brokerage house raises the price target to $172 per share from a prior target of $155. The shares have been rated Neutral. The rating by the firm was issued on August 16, 2016.

Costco Wholesale Corporation has lost 3.23% in the last five trading days and dropped 3.08% in the last 4 weeks. Costco Wholesale Corporation is up 6.47% in the last 3-month period. Year-to-Date the stock performance stands at 1.13%.

Costco Wholesale Corporation (NASDAQ:COST): The stock opened at $164.07 on Tuesday but the bulls could not build on the opening and the stock topped out at $164.28 for the day. The stock traded down to $161.74 during the day, due to lack of any buying support eventually closed down at $161.96 with a loss of -1.23% for the day. The stock had closed at $163.98 on the previous day. The total traded volume was 2,010,862 shares.

In a related news,The director of Costco Wholesale Corp /New, Meisenbach John W sold 5,737 shares at $167.74 on August 17, 2016. The Insider selling transaction had a total value worth of $962,324. 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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