Costco Wholesale Corporation (COST) Rises 5.09% for March 08

Costco Wholesale Corporation (COST) Rises 5.09% for March 08

Among the biggest risers on the S&P 500 on Friday March 08 was Costco Wholesale Corporation ($COST), popping some 5.09% to a price of $227.82 a share with some 6.77 million shares trading hands.

Starting the day trading at $225.48, Costco Wholesale Corporation reached an intraday high of $228.70 and hit intraday lows of $223.77. Shares gained $11.03 apiece by day’s end. Over the last 90 days, the stock’s average daily volume has been n/a of its 440.49 million share total float. Today’s action puts the stock’s 50-day SMA at $n/a and 200-day SMA at $n/a with a 52-week range of $180.83 to $245.16.

Costco is a leading operator of warehouse clubs worldwide. At the end of fiscal 2018, Costco operated 527 membership warehouse clubs in the United States, 100 in Canada, 39 in Mexico, 28 in the United Kingdom, 26 in Japan, 15 in Korea, 13 in Taiwan, 10 in Australia, 2 in Spain, and 1 each in Iceland and France. Costco is the third-largest retailer in the United States, with over $140 billion in revenue in fiscal 2018. In the U.S., base and executive memberships cost $60 and $120 per year, respectively, and give holders access to a limited range of merchandise priced at below-average markups. The company sells food, fuel, and general merchandise to its members but derives most of its profits from membership fees.

Costco Wholesale Corporation has its corporate headquarters located in Issaquah, WA and employs 245,000 people. Its market cap has now risen to $100.35 billion after today’s trading, its P/E ratio is now 29.8, its P/S 0.87, P/B 7.62, and P/FCF n/a.

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