Costco Wholesale Corp. Stock Falls Thursday, Underperforms Market
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Shares of Costco Wholesale Corp. (COST) shed 2.08% to $469.49 Thursday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.76% to 3,898.85 and Dow Jones Industrial Average falling 0.76% to 33,044.56. This was the stock's second consecutive day of losses. Costco Wholesale Corp. closed $142.78 below its 52-week high ($612.27), which the company achieved on April 7th.
The stock underperformed when compared to some of its competitors Thursday, as Amazon.com Inc. (AMZN) fell 1.86% to $93.68 and Walmart Inc. (WMT) fell 1.43% to $138.83. Trading volume (1.9 M) remained 358,647 below its 50-day average volume of 2.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 19, 2023.
(END) Dow Jones Newswires
January 19, 2023 16:46 ET (21:46 GMT)
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