Costco Wholesale Corp. stock falls Friday, still outperforms market
Shares of Costco Wholesale Corp.
dropped 0.82% to $459.51 Friday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index
falling 0.91% to 4,432.99 and Dow Jones Industrial Average
falling 0.48% to 34,584.88. The stock’s fall snapped a two-day winning streak. Costco Wholesale Corp. closed $10.26 below its 52-week high ($469.77), which the company achieved on September 9th.
The stock underperformed when compared to some of its competitors Friday, as Walmart Inc.
fell 0.21% to $144.73, Target Corp.
fell 0.11% to $246.67, and Dollar General Corp.
rose 0.25% to $222.11. Trading volume (3.3 M) eclipsed its 50-day average volume of 1.6 M.
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