Costco's past instances of dropping over 10% from peaks and subsequent trends
COST Costco Wholesale Corp
$989.11 +1.13%
View chart & analysis → - 1Costco (COST) fell over 10% from its May high, with the drop from the peak slightly exceeding 18%
- 2Of the 7 times in the last 10 years it fell over 10%, 5 recovered to new highs within 12 months, and all 7 eventually recovered
- 3The two most recent cases took longer to recover due to starting from high valuations, and the PER of 47.3 on October 15 is above the 10-year average of 40
So what's the key point?
Costco's stock price has fallen significantly from its May peak. While it usually recovered within a year in the past, the current stock price is relatively high, so it may take longer this time.
Source The Motley Fool +1 · View original ↗
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