Costco Wholesale Corp. stock rises Wednesday, still underperforms market
Shares of Costco Wholesale Corp.
inched 0.51% higher to $460.73 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index
rising 0.85% to 4,480.70 and the Dow Jones Industrial Average
rising 0.68% to 34,814.39. The stock’s rise snapped a three-day losing streak. Costco Wholesale Corp. closed $9.04 below its 52-week high ($469.77), which the company achieved on September 9th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Walmart Inc.
rose 0.17% to $144.55, Target Corp.
rose 0.78% to $244.14, and Dollar General Corp.
rose 0.31% to $216.97. Trading volume (1.6 M) eclipsed its 50-day average volume of 1.6 M.
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