Costco Wholesale Corp. Stock Underperforms Thursday When Compared To Competitors Despite Daily Gains
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Shares of Costco Wholesale Corp. (COST) inched 0.27% higher to $490.34 Thursday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.72% to 4,061.22 and Dow Jones Industrial Average falling 0.86% to 33,127.74.
Costco Wholesale Corp. closed $74.41 below its 52-week high ($564.75), which the company achieved on August 18th.
The stock underperformed when compared to some of its competitors Thursday, as Amazon.com Inc. (AMZN) rose 0.34% to $104.00 and Walmart Inc. (WMT) rose 0.28% to $150.47.
Trading volume (1.5 M) remained 437,017 below its 50-day average volume of 1.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 4, 2023.
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May 04, 2023 16:46 ET (20:46 GMT)
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