Credit: Shutterstock photoCostco Wholesale CorporationCOST was a big mover last session, as the company saw its shares rise more than 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company-as the stock is now up 9.6% in the past one-month time frame.
The company has seen four positive estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Costco. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Costco currently has a Zacks Rank #2 (Buy) while its Earnings ESP is positive.
Costco Wholesale Corporation Price
Costco Wholesale Corporation Price | Costco Wholesale Corporation Quote
Investors interested in the Retail - Discount Stores industry may consider Target Corporation TGT , which has a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
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Costco Wholesale Corporation (COST): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
