Costco Wholesale Reaches New 52-Week High (COST)

NEW YORK ( TheStreet) -- Costco Wholesale Corporation (Nasdaq: COST) hit a new 52-week high Thursday as it is currently trading at $115.85, above its previous 52-week high of $115.77 with 1.2 million shares traded as of 3:46 p.m. ET. Average volume has been 1.8 million shares over the past 30 days.

Costco Wholesale has a market cap of $49.5 billion and is part of the services sector and retail industry. Shares are up 14.8% year to date as of the close of trading on Wednesday.

Costco Wholesale Corporation engages in the operation of membership warehouses. The company offers branded and private-label products in a range of merchandise categories.

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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, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Costco Wholesale Ratings Report.

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