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Why Costco's Stock Is Trading Higher Today

Why Costco's Stock Is Trading Higher Today

Costco Wholesale (NASDAQ: COST) shares are trading higher on Thursday after the company reported October comp. sales were up 14.4% year-over-year and e-commerce sales were up 91.1% year-over-year.

The leading warehouse club, Costco has 795 stores worldwide (at the end of fiscal 2020), with most sales derived in the United States (73%) and Canada (13%). It sells memberships that allow customers to shop in its warehouses, which feature low prices on a limited product assortment.

Costco shares were trading up 2.20% at $384.45 on Thursday. The stock has a 52-week high of $386.58 and a 52-week low of $271.28.


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