Costco Wholesale Corp. Stock Rises Thursday, Still Underperforms Market
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Shares of Costco Wholesale Corp. (COST) inched 0.63% higher to $498.10 Thursday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.94% to 4,198.05 and the Dow Jones Industrial Average rising 0.34% to 33,535.91.
The stock's rise snapped a three-day losing streak.
Costco Wholesale Corp. closed $66.65 below its 52-week high ($564.75), which the company reached on August 18th.
The stock underperformed when compared to some of its competitors Thursday, as Amazon.com Inc. (AMZN) rose 2.29% to $118.15 and Walmart Inc. (WMT) rose 1.30% to $151.47.
Trading volume (2.3 M) eclipsed its 50-day average volume of 1.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 18, 2023.
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May 18, 2023 16:47 ET (20:47 GMT)
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