Costco Wholesale Corp. Stock Underperforms Wednesday When Compared To Competitors
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Shares of Costco Wholesale Corp. (COST) sank 0.25% to $490.88 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.03% to 33,743.84 and the S&P 500 Index falling 0.02% to 4,016.22. This was the stock's second consecutive day of losses. Costco Wholesale Corp. closed $121.39 below its 52-week high ($612.27), which the company reached on April 7th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Amazon.com Inc. (AMZN) rose 0.89% to $97.18 and Walmart Inc. (WMT) fell 0.48% to $142.34. Trading volume (1.3 M) remained 961,307 below its 50-day average volume of 2.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 25, 2023.
(END) Dow Jones Newswires
January 25, 2023 16:46 ET (21:46 GMT)
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