Should Costco Be in Your Portfolio?
T = Trends for a Stock’s Movement
Costco is engaged in the operation of membership warehouses in the United States and Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Australia, and through majority-owned subsidiaries in Taiwan and Korea. The company’s depots receive container-based shipments from manufacturers and reallocate these goods for shipment to its individual warehouses, generally in less than 24 hours. Costco’s typical warehouse format averages approximately 143,000 square feet, where many products are offered for sale in case, carton, or multiple-pack quantities only.
Earlier this quarter, Sinegal James D, who is Director at Costco, sold 8,000 shares at $115.92 per share for a total value of $927,360. The shares recently traded near $115 per share.