Costco Wholesale Corp. Stock Rises Wednesday, Still Underperforms Market
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Shares of Costco Wholesale Corp. (COST) inched 0.72% higher to $456.56 Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.75% to 3,852.97 and the Dow Jones Industrial Average rising 0.40% to 33,269.77. The stock's rise snapped a two-day losing streak. Costco Wholesale Corp. closed $155.71 short of its 52-week high ($612.27), which the company achieved on April 7th.
The stock outperformed some of its competitors Wednesday, as Amazon.com Inc. (AMZN) fell 0.79% to $85.14 and Walmart Inc. (WMT) rose 0.11% to $143.76. Trading volume (2.0 M) remained 278,805 below its 50-day average volume of 2.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 4, 2023.
(END) Dow Jones Newswires
January 04, 2023 16:47 ET (21:47 GMT)
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