Costco Wholesale Corp. Stock Rises Friday, Still Underperforms Market
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Shares of Costco Wholesale Corp. (COST) rose 1.78% to $499.06 Friday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 1.85% to 4,136.25 and the Dow Jones Industrial Average rising 1.65% to 33,674.38.
This was the stock's second consecutive day of gains.
Costco Wholesale Corp. closed $65.69 short of its 52-week high ($564.75), which the company achieved on August 18th.
The stock outperformed some of its competitors Friday, as Amazon.com Inc. (AMZN) rose 1.59% to $105.66 and Walmart Inc. (WMT) rose 0.86% to $151.77.
Trading volume (1.7 M) remained 218,095 below its 50-day average volume of 1.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 5, 2023.
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May 05, 2023 16:47 ET (20:47 GMT)
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