Shares of Costco Wholesale Corp. COST, -0.22% dropped 0.61% to $568.21 Monday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX, -0.82% rising 0.57% to 4,296.12 and the Dow Jones Industrial Average DJIA, -0.75% rising 0.70% to 34,049.46. This was the stock’s third consecutive day of losses. Costco Wholesale Corp. closed $44.06 short of its 52-week high ($612.27), which the company achieved on April 7th.
The stock underperformed when compared to some of its competitors Monday, as Walmart Inc. WMT, 0.15% rose 0.05% to $156.94, Target Corp. TGT, -0.04% fell 0.01% to $241.66, and Dollar General Corp. DG, -0.12% fell 0.13% to $248.49. Trading volume (3.1 M) eclipsed its 50-day average volume of 2.5 M.