Costco Wholesale Corp. Stock Outperforms Market On Strong Trading Day
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Shares of Costco Wholesale Corp. (COST) inched 0.69% higher to $511.56 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.61% to 4,179.83 and Dow Jones Industrial Average falling 0.41% to 32,908.27.
This was the stock's fourth consecutive day of gains.
Costco Wholesale Corp. closed $53.19 short of its 52-week high ($564.75), which the company achieved on August 18th.
The stock outperformed some of its competitors Wednesday, as Amazon.com Inc. (AMZN) fell 0.89% to $120.58 and Walmart Inc. (WMT) rose 0.55% to $146.87.
Trading volume (3.3 M) eclipsed its 50-day average volume of 1.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 31, 2023.
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May 31, 2023 16:47 ET (20:47 GMT)
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