Costco Wholesale Corp. Stock Rises Wednesday, Still Underperforms Market
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Shares of Costco Wholesale Corp. (COST) inched 0.60% higher to $484.31 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.28% to 3,969.61 and the Dow Jones Industrial Average rising 0.80% to 33,973.01. This was the stock's second consecutive day of gains. Costco Wholesale Corp. closed $127.96 below its 52-week high ($612.27), which the company achieved on April 7th.
The stock underperformed when compared to some of its competitors Wednesday, as Amazon.com Inc. (AMZN) rose 5.81% to $95.09 and Walmart Inc. (WMT) rose 0.88% to $146.13. Trading volume (1.6 M) remained 741,653 below its 50-day average volume of 2.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 11, 2023.
(END) Dow Jones Newswires
January 11, 2023 16:47 ET (21:47 GMT)
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