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Costco's E-Commerce Momentum Shows No Signs Of Slowing

Benzinga·
Costco's E-Commerce Momentum Shows No Signs Of Slowing

Costco Wholesale (COST) stock rose 2.09% on Thursday, driven by strong May sales results showing 14.5% net sales growth and 21.1% jump in digitally enabled comparable sales. Despite broader market weakness, the stock rebounded from technical support levels, though momentum indicators remain cautious with the stock trading below key moving averages.

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