Costco Wholesale Corp. stock outperforms competitors on strong trading day
Shares of Costco Wholesale Corp. COST, +0.44% inched 0.44% higher to $747.96 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index SPX, -0.17% falling…
From the Equity Insider archive. This article dates from Feb 28, 2024 and is preserved as first published.
Shares of Costco Wholesale Corp. COST, +0.44% inched 0.44% higher to $747.96 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index SPX, -0.17% falling 0.17% to 5,069.76 and Dow Jones Industrial Average DJIA, -0.06% falling 0.06% to 38,949.02.
Costco Wholesale Corp. hit a new 52-week high, surpassing its previous peak of $746.78, which the company reached on February 26th.
The stock outperformed some of its competitors Wednesday, as Amazon.com Inc. AMZN, -0.22% fell 0.22% to $173.16 and Walmart Inc. WMT, +0.05% rose 0.05% to $59.62.
Trading volume (1.4 M) remained 906,330 below its 50-day average volume of 2.3 M.
