Is Costco (COST) Stock Reliable: How to Trade Now?

Costco stock had a parabolic movement last month. It ranged between $350 and $390 while volatility became very tense. On May 10, the maximum price was 387.76. It is now trading at $386.97.

Is Costco (COST) Stock Reliable: How to Trade Now?

Even though the profit season is about to end, The Motley Fool, a site that helps investors, states that there are 3 large companies that can control their market. Moreover, their stock should be monitored constantly. Investors will be looking for them to keep posting sales numbers. One of these three companies is Costco Wholesale (NASDAQ: COST).

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On May 5, Company announced the number of its own sales in April and maintained its strong year-on-year growth: e-commerce sales are going up by 21%, comparable sales are increasing by 33%. Costco demonstrates continued strong e-commerce growth. Let’s look back at their results that published on March 4: sales were up 14%, and e-commerce sales were up 80% on a year-on-year basis.

Alex Krakowsky

Editor in Chief. Living in the era of dynamic tech change Alex decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring in Finance) writing for technology and as well as finance has been one of the precious aspects of his life