BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Costco’s Downtrend Sparks Divergence Between Analysts and Options Traders
Costco’s Downtrend Sparks Divergence Between Analysts and Options Traders
13
2
BTCCSquare news:
Costco Wholesale (COST) has shed nearly 10% of its market value over the past three months, defying Wall Street's bullish consensus. Retail investors are split—some see a buying opportunity, while others brace for further declines. The options market tells a clearer story: traders are hedging aggressively ahead of the company's Q4 earnings report later this month.
Technical indicators flash warning signs. COST now trades below key moving averages after underperforming major benchmarks last week, with a notable volume spike on August 26 coinciding with its weekly low. The stock's silence since its July sales report has left investors parsing price action for clues.
By:
