Shares of Costco Wholesale Corporation (COST) Sees Large Inflow of Net Money Flow

Costco Wholesale Corporation (COST) had a weak trading session and its shares were last down at $161.86, down -2.09% or -1.27 points. The trading data also revealed that the total net flow stood at $15.27 million as the shares had $77 million in upticks but lost $61.73 million in downticks. The up/down ratio was 1.25. This data is particularly important for the traders and speculators alike as it could also be used to gauge the strength of the momentum in the shares. During the past week, the shares have seen a change of -0.12% in the shares.The block trade data suggests an inflow of $25.67 million in upticks and an outflow of $3.97 million in downticks. The up/down ratio for the block stood at 6.46. The net money flow for this transaction was recorded at $21.7.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Costco Wholesale Corporation has dropped 1.39% in the last five trading days, however, the shares have posted positive gains of 1.09% in the last 4 weeks. Costco Wholesale Corporation is up 9.8% in the last 3-month period. Year-to-Date the stock performance stands at 1.09%. Costco Wholesale Corporation (NASDAQ:COST) witnessed a decline in the market cap on Wednesday as its shares dropped 1.27% or 2.09 points. After the session commenced at $163.84, the stock reached the higher end at $163.95 while it hit a low of $161.81. With the volume soaring to 2,219,682 shares, the last trade was called at $161.86. The company has a 52-week high of $169.59. The company has a market cap of $71,095 million and there are 439,240,340 shares in outstanding. The 52-week low of the share price is $138.57.

Company has reported several Insider transactions to the SEC, on Jan 11, 2017, Roland Michael Vachris (Executive VP) sold 3,180 shares at 161.73 per share price.On Jan 11, 2017, Dennis R Zook (Executive VP) sold 7,000 shares at 161.12 per share price.On Jan 9, 2017, James D Sinegal (director) sold 65,000 shares at 164.07 per share price.

Costco Wholesale Corporation Last issued its quarterly earnings results on Dec 7, 2016. The company reported $1.24 EPS for the quarter, beating the analyst consensus estimate by $ 0.05. Analyst had a consensus of $1.19. The company had revenue of $28099.00 million for the quarter, compared to analysts expectations of $28317.39 million. The companys revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.09 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Costco Wholesale Corporation was Resumed by Stifel on Jan 20, 2017 to Buy, Price Target of the shares are set at $185.Company shares were Reiterated by Telsey Advisory Group on Jan 5, 2017 to Outperform, Raises Price Target to $ 180 from a previous price target of $170 .Costco Wholesale Corporation was Upgraded by Citigroup to Buy on Dec 19, 2016. Company shares were Reiterated by RBC Capital Mkts on Dec 8, 2016 to Outperform, Raises Price Target to $ 177 from a previous price target of $176 .Costco Wholesale Corporation was Resumed by Credit Suisse on Dec 8, 2016 to Outperform, Price Target of the shares are set at $175.

Costco Wholesale Corp. operates membership warehouses based on the concept that offering members very low prices on a limited selection of nationally branded and selected private label products in a wide range of merchandise categories will produce high sales volumes and rapid inventory turnover. This rapid inventory turnover enables Costco to operate profitably at significantly lower gross margins than traditional wholesalers, discount retailers and supermarkets.


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