Costco Lower After Q4 Miss

Costco Wholesale Corporation COST shares are trading lower by $3.30 at $149.49 in Thursday's session. The catalyst for the decline is a Q4 miss of $0.04 with over a $30 million miss for revenue.

The issue, which gained over $2 on Wednesday, is giving back all of those gains and them some. In volatile and choppy trading, it has found support ahead of the pair of lows at the $146.80 area from mid-November. Its rally of the open found resistance at the lower end of Wednesday's range ($150.39), peaking at $150.43.