Costco Wholesale Corp. Stock Underperforms Tuesday When Compared To Competitors
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Shares of Costco Wholesale Corp. (COST) shed 1.42% to $484.87 Tuesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 1.12% to 4,145.58 and Dow Jones Industrial Average falling 0.69% to 33,055.51.
This was the stock's third consecutive day of losses.
Costco Wholesale Corp. closed $79.88 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 Tuesday, as Amazon.com Inc. (AMZN) fell 0.02% to $114.99 and Walmart Inc. (WMT) fell 0.19% to $148.31.
Trading volume (1.8 M) eclipsed its 50-day average volume of 1.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 23, 2023.
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May 23, 2023 16:47 ET (20:47 GMT)
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