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International Business Times UK
International Business Times UK
Business
Manuel Demegillo

Costco Stock Flirts With All-Time Highs, But Major Fund Trims Position Ahead of Critical Q3 Earnings

Costco's stock outlook is overwhelmingly positive ahead of this week's earnings report, unfazed by a key investor's reduced stake.

Costco shares are hovering near record territory ahead of its 28 May fiscal third-quarter earnings report, amid reports of at least one investment group paring back its stake. The retailer's outlook remain promising despite the setback, and investors are largely optimistic over Q3 prospects.

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