Telsey Advisory Group analyst Joseph Feldman reiterated its Outperform rating on Costco Wholesale Corp (NASDAQ:COST) shares with a price target of $590 (17%…
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 bullish stance on Costco Wholesale.
Looking at options history for Costco Wholesale (NASDAQ:COST) we detected 20 strange trades.
A whale with a lot of money to spend has taken a noticeably bullish stance on Costco Wholesale.
Looking at options history for Costco Wholesale (NASDAQ:COST) we detected 14 strange trades.
If history is any guide, there may be trouble ahead for shares of Costco Wholesale (NASDAQ:COST). A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock.