Seems that the retail sector is now starting to feel more of the pain of the economic recession again. Costco has been one of the best performers, but today it was downgraded by Goldman Sachs. The stock is now at $46.37, down $0.23 (-0.50%) on volume of 2,636,162 shares traded.
The brokerage reduced the stock to Neutral from Buy. Over the last 52 weeks the stock has ranged from a low of $38.17 to a high of $75.23. The stock has been trading in a very narrow band from $45.02 to $47.60.
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