Costco Wholesale Corp. Stock Remains Steady Monday, Underperforms Market
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Shares of Costco Wholesale Corp. (COST) were unchanged Monday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.05% to 4,138.12 and the Dow Jones Industrial Average falling 0.17% to 33,618.69.
Costco Wholesale Corp. closed $65.69 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 Monday, as Amazon.com Inc. (AMZN) rose 0.17% to $105.83 and Walmart Inc. (WMT) rose 0.63% to $152.72.
Trading volume (1.0 M) remained 917,747 below its 50-day average volume of 1.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 8, 2023.
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May 08, 2023 16:47 ET (20:47 GMT)
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