Costco Stock Pauses Near $1,000 With Earnings On Deck
Costco Wholesale shares dropped 2.5% to $1,002.93 Tuesday. Investors pulled back from the high-flying retailer ahead of Thursday’s fiscal third-quarter report. At the close, Costco’s market cap was about $445.7 billion, with the stock trading near 52 times earnings. Costco will report after the close Thursday. Options prices signal the stock could move around 3% through the end of the week. Options let investors hedge or speculate on share moves. Wall Street expects revenue of $69.47 billion and earnings of $4.92 per share, up from $4.28 last year, according to Visible Alpha.
