Costco Wholesale (NASDAQ:COST) has outperformed the market over the past 20 years by 6.88% on an annualized basis producing an average annual return of 14.92%. Currently, Costco Wholesale has a market capitalization of $237.50 billion.
Walmart Inc (NYSE: WMT) shares are tanking on Tuesday after the company slashed its guidance as a result of high inventory levels and continued inflation pressures.
Costco Wholesale Corp (NASDAQ: COST) shares are trading lower in Monday's after-hours session in sympathy with Walmart Inc (NASDAQ: WMT), which cut guidance for the second quarter and full fiscal year.
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.
A whale with a lot of money to spend has taken a noticeably bearish stance on Costco Wholesale.
Looking at options history for Costco Wholesale (NASDAQ:COST) we detected 22 strange trades.
Membership based warehouse retailer Costco (NASDAQ: COST) stock has trimmed its losses to (-7.7%) on the year. The retail giant operates 830 warehouses worldwide including the majority 574 locations in the U.S.