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Shares of Costco Wholesale Corp. (COST) sank 0.23% to $495.00 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.19% to 4,158.77 and the Dow Jones Industrial Average rising 1.24% to 33,420.77.
This was the stock's third consecutive day of losses.
Costco Wholesale Corp. closed $69.75 short of its 52-week high ($564.75), which the company reached on August 18th.
The stock underperformed when compared to some of its competitors Wednesday, as Amazon.com Inc. (AMZN) rose 1.85% to $115.50 and Walmart Inc. (WMT) fell 0.17% to $149.53.
Trading volume (2.1 M) eclipsed its 50-day average volume of 1.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 17, 2023.
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May 17, 2023 16:47 ET (20:47 GMT)
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