Shares of Costco Wholesale (NASDAQ: COST) have been falling in recent weeks.
The retail stock is now down about 11% from its 52-week high of just under $1,097
It’s not a huge sell-off by any stretch, but given how strong its gains have been in recent years and how solid a business it has been, it may still make for an enticing option for investors to consider. On Monday, the stock was trading at around $975. Is it a good buy while it remains below the $1,000 mark?
Costco’s business has been booming, and it still has much more room to grow Consumers and investors alike love Costco. It’s evident in both the company’s rising sales and its share price. In five years, the stock has surged around 160%, as the business has been resilient, even though it’s not exactly known for being associated with budget-friendly shopping.