Shares of Costco Wholesale Corp.
dropped 0.54% to $317.32 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index
rising 1.95% to 3,841.94 and the Dow Jones Industrial Average
rising 1.85% to 31,496.30. This was the stock’s fourth consecutive day of losses. Costco Wholesale Corp. closed $75.83 short of its 52-week high ($393.15), which the company reached on November 30th.
The stock underperformed when compared to some of its competitors Friday, as Walmart Inc.
rose 1.25% to $129.12, Target Corp.
rose 1.64% to $172.61, and Dollar General Corp.
rose 0.32% to $178.71. Trading volume (8.1 M) eclipsed its 50-day average volume of 2.6 M.