Costco stock inches up after insider sale notice as Bernstein sticks with $1,146 target
Costco shares rose 0.5% to $956.04 after a Form 144 filing showed executive VP Klauer plans to sell 1,500 shares worth about $1.41 million. Bernstein reiterated its Outperform rating and $1,146 price target, calling the stock undervalued. Costco’s annual shareholder meeting is Thursday. December net sales rose 8.5% to $29.86 billion, with comparable sales up 7%.