The market was high on the shares of Costco Wholesale Corporation (COST) recently. COST obtains a bullish score of Investors Observers Stock sentiment indicator.
What is Stock Sentiment?
Sentiment is a very short term indicator that is entirely technical. There is no information on the health of the underlying company’s profitability in our sentiment score.
As a technical indicator, information about the stock or company, such as a earnings release or other event, could cause the stock counter to go up to recent trend.
Recent trends are a good indicator of current market sentiment. In its most basic form, stocks trending upward are desirable by investors, while declining stocks should not be attractive.
Investors ObserverThe sentimental indicator tracks both price and volume changes to analyze the most recent trends. Typically, an increase in volume indicates that the current trends are strengthening, while a decrease in volume usually signals the end of the current trend.
The options available can also represent the current sentiment for a given stock. Since investors are able to bet on future trends in stocks using options, we consider the ratio of calls to puts when analyzing market sentiment.
What is happening with COST Stock today?
Costco Wholesale Corporation (COST) stock fell -1.89% while the S&P 500 gained 0.21% at 10:31 am on Friday, May 28. COST is down $ 7.30 from the previous closing price of $ 387.50 on volume of 1,334,097 shares. Over the past year, the S&P 500 has risen 38.65% while COST has gained 24.24%. COST has earned $ 9.78 per share over the past 12 months, giving it a price-to-earnings ratio of 38.98.
To have Investors ObserverCostco Wholesale Corporation Sentiment Score click here.
Learn more about Costco Wholesale Corporation
The leading warehouse club, Costco has 795 stores worldwide (at the end of fiscal 2020), with most sales occurring in the United States (73%) and Canada (13%). It sells subscriptions that allow customers to shop in its warehouses, which offer low prices on a limited assortment of products. Costco primarily caters to individual shoppers, but about 20% of paid members have business memberships. Food and sundries accounted for 42% of FY20 sales, with hardlines 17%, ancillary activities (such as fuel and pharmaceuticals) nearly 17%, fresh food 14% and softlines 10 %. Costco warehouses average approximately 146,000 square feet; more than 75% of its locations offer fuel. About 6% of Costco’s global sales come from e-commerce (excluding same-day grocery shopping and various other services).
Click here for the full Costco Wholesale Corporation (COST) Stock Score report.