Stock Analysis | Costco Wholesale Outlook
Market Snapshot
Takeaway: Costco Wholesale is currently in a weak technical position, with bearish signals dominating and analysts mixed, while strong money flows from large institutions hint at underlying optimism.
News Highlights
- Costco’s Earnings Preview: The company is preparing to report Q1 2025 earnings on May 29, with analysts projecting earnings per share of $4.21. This event could provide clarity and potentially stabilize the stock, which has dropped 4.50% recently.
- Wholesale Sector Activity: A board member of BJ’s Wholesale Club Hldgs recently made a notable $199,000 insider purchase of shares, signaling confidence in the broader wholesale sector, which includes Costco.
- Global Supply Chain News: A $5 million line of credit was…
