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Why Costco Stock Lost 15% in December

TheMotleyFool

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Why Costco Stock Lost 15% in DecemberPhoto, wide shot, wide-angle lens, Retail store, neutral atmosphere, photo by Joe Cornish: https://img.theapi.app/temp/5574eb69-dc38-42f3-aadd-6163ac8bd4a8.png

Shares of Costco Wholesale (NASDAQ: COST) took a dive last month after the warehouse retail giant posted disappointing comparable sales for November and followed that up with a middling fiscal first-quarter earnings report.

According to data from S&P Global Market Intelligence, Costco finished December down 15%, an unusually sharp slide for the solid consumer staples stock. As you can see from the chart below, Costco shares dove to start the month and continued to slide from there.