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Why Costco Wholesale Stock Was Up Earlier Today

Why Costco Wholesale Stock Was Up Earlier Today

Shares of Costco Wholesale (NASDAQ: COST) were up more than 2% this morning after the company reported sales results for the month of January. The market was up strongly at the time of writing, but Costco gave back most of its gains on the day. Analysts responded positively to the report, as Costco shows signs of maintaining year-over-year sales increases despite tough comparisons.