Costco Rising On Unusual Volume (COST)

Shares of Costco Wholesale COST are rising on heavier than normal volume on Thursday. Currently, the stock has gained 2% to $55.37. More than 3.7 million shares have already changed hands compared to a daily average volume of around 4.1 million. With nearly four hours left in trading, COST will likely exceed its daily volume average substantially. Year-to-date, COST shares have fallen 6.35%. The stock is trading at a trailing P/E of 19.80, a forward P/E of 17.16 and a PEG ratio of 1.44. Costco Wholesale Corporation (Costco) operates membership warehouses that offer its members low prices on a limited selection of branded and selected private-label products in a range of merchandise categories.