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What Drove Costco Stock Yesterday?

What Drove Costco Stock Yesterday?

Costco (COST) stock rose about 2.1% on January 11, 2018, following Walmart’s (WMT) announcement that it would close 63 Sam’s Club facilities in the US (SPY). At a time when retailers are investing heavily in their e-commerce channels and pruning their real estate portfolio to compete against Amazon (AMZN), Costco remains unfazed. The graph shows that Costco stock is on an upward trend and has registered growth of 25.4% in the past six months.