Watch This Costco Price Level as Stock Gains On Membership Fee Hike, Strong Sales
COSTCostco(COST) Investopedia·2024-07-11 11:21

Key TakeawaysCostco shares gained 2.5% in extended trading Wednesday after the retailer hiked its membership fees for the first time since 2017 and posted a jump in June sales.Costco shares have recently broken out from a pennant pattern that indicates a continuation of the stock's long-term uptrend.The measuring principle, which calculates the distance of the uptrend preceding the pennant and adds that amount to the pattern’s breakout point, projects a price target in Costco shares of $1,032. Costco Wholes ...