Costco Wholesale Corp. Stock Rises Thursday, Still Underperforms Market
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Shares of Costco Wholesale Corp. (COST) inched 0.79% higher to $486.55 Thursday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.88% to 4,151.28 and the Dow Jones Industrial Average falling 0.11% to 32,764.65.
The stock's rise snapped a four-day losing streak.
Costco Wholesale Corp. closed $78.20 below its 52-week high ($564.75), which the company reached on August 18th.
The stock outperformed some of its competitors Thursday, as Amazon.com Inc. (AMZN) fell 1.50% to $115.00 and Walmart Inc. (WMT) fell 1.00% to $146.16.
Trading volume (3.1 M) eclipsed its 50-day average volume of 1.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 25, 2023.
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May 25, 2023 16:47 ET (20:47 GMT)
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