Bitcoin (CRYPTO: BTC), the world’s most valued cryptocurrency, traded higher, climbing above the $19,000 level this morning after the US Federal Reserve raised interest rates by 75 bps at its September meeting.
Deutsche Bank boosted the price target for Costco Wholesale Corporation (NASDAQ: COST) from $579 to $581. Costco shares rose 0.7% to $502.93 on Wednesday.
Costco Wholesale (NASDAQ:COST) has outperformed the market over the past 15 years by 8.8% on an annualized basis producing an average annual return of 15.18%. Currently, Costco Wholesale has a market capitalization of $222.20 billion.
Someone with a lot of money to spend has taken a bearish stance on Costco Wholesale (NASDAQ:COST).
And retail traders should know.
We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.
Ford (F) - A way to play the Biden administration's recent bill to create more incentives for electric vehicle charging infrastructure. In a research note Wednesday, Wedbush analyst Dan Ives said, "A
If history is any guide, there may be good fortune ahead for shares of Costco Wholesale (NASDAQ:COST). A so-called "golden cross" has formed on its chart and, not surprisingly, this could be bullish for the stock.
Someone with a lot of money to spend has taken a bearish stance on Costco Wholesale (NASDAQ:COST).
And retail traders should know.
We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.
Costco Wholesale (NASDAQ:COST) has outperformed the market over the past 15 years by 8.6% on an annualized basis producing an average annual return of 15.5%. Currently, Costco Wholesale has a market capitalization of $237.14 billion.