Why Costco Stock Got Thrashed on Thursday
Thursday ended up being a somewhat atypical day for Costco Wholesale (NASDAQ: COST) stock. That was no fault of the retailer, as this usually popular company tends to trade up rather than down.
But one rival that's often mentioned with it in the same breath posted some discouraging news, and the market punished Costco by association. Its shares declined by 2.6%, while the S 500 index only dipped 0.4%.
Said rival is none other than the ubiquitous (NYSE: WMT), and the news item was its just-published, fourth-quarter and full-year fiscal 2025 financial results. Although the mighty retailer saw decent growth on the top line on a year-over-year basis, its net income tumbled a bit.
Source Fool.com
Walmart Inc. Stock
€86.03
0.300%
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