Costco Wholesale Corp. Stock Falls Tuesday, Underperforms Market
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Shares of Costco Wholesale Corp. (COST) slid 1.17% to $496.15 Tuesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 0.64% to 4,109.90 and Dow Jones Industrial Average falling 1.01% to 33,012.14.
This was the stock's second consecutive day of losses.
Costco Wholesale Corp. closed $68.60 below its 52-week high ($564.75), which the company reached on August 18th.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Amazon.com Inc. (AMZN) rose 1.98% to $113.40 and Walmart Inc. (WMT) fell 1.38% to $149.78.
Trading volume (1.2 M) remained 559,214 below its 50-day average volume of 1.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 16, 2023.
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May 16, 2023 16:47 ET (20:47 GMT)
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