Costco Wholesale Rises On Unusually High Volume (COST)
Costco Wholesale Corporation (Nasdaq:COST) is trading at unusually high volume Wednesday with 10.3 million shares changing hands. It is currently at 4.2 times its average daily volume and trading up $6.07 (+6.3%).
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Costco Wholesale Corporation (Nasdaq: COST) is trading at unusually high volume Wednesday with 10.3 million shares changing hands. It is currently at 4.2 times its average daily volume and trading up $6.07 (+6.3%) at $102.58 as of 4 p.m. ET.
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Costco Wholesale has a market cap of $41.63 billion and is part of the services sector and retail industry. Shares are up 15.5% year to date as of the close of trading on Tuesday. Costco Wholesale Corporation engages in the operation of membership warehouses. The company offers branded and private-label products in a range of merchandise categories. The company has a P/E ratio of 24.7, above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Costco Wholesale as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Costco Wholesale Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. FREE for a limited time only: Get TheStreet Ratings #1 Stock Report NOW!.