Costco Stock Slides: Shares Dip More Than 5% in Intraday Trading
ISSAQUAH, Wash. – Shares of retail giant Costco Wholesale Corp (NASDAQ: COST) experienced significant selling pressure during trading on April 4th. As of 2:56 pm GMT-4, the stock was priced at $918.60 USD.
This marks a notable decline of $48.48, equating to a 5.01% drop for the current trading session. The decrease pushed the share price substantially lower than the previous day’s close of $967.08.
Costco’s stock began the trading day at $955.00. Although it briefly touched an intraday high of $964.52, the shares trended consistently downward throughout the morning and afternoon. The stock recorded an intraday low of $915.40, indicating persistent selling as the session progressed and breaking below the $920 level.
Over the past 52 weeks, Costco shares have reached a high of $1,078.24 and a low of $702.00. The company currently trades with a P/E ratio of 53.63 and offers a dividend yield of 0.51%. Market participants continue to monitor the stock’s performance.
