Costco Wholesale Corp. Stock Underperforms Wednesday When Compared To Competitors
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Shares of Costco Wholesale Corp. (COST) slipped 0.96% to $490.06 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.70% to 4,090.75 and Dow Jones Industrial Average falling 0.80% to 33,414.24.
Costco Wholesale Corp. closed $74.69 short of its 52-week high ($564.75), which the company achieved on August 18th.
The stock underperformed when compared to some of its competitors Wednesday, as Amazon.com Inc. (AMZN) rose 0.02% to $103.65 and Walmart Inc. (WMT) fell 0.37% to $150.62.
Trading volume (1.4 M) remained 511,813 below its 50-day average volume of 1.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 3, 2023.
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May 03, 2023 16:47 ET (20:47 GMT)
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