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Costco Remains Firmly Negative After Early Sell-Off

After gapping open sharply lower, shares of Costco (COST) continue to see considerable weakness in afternoon trading on Friday. Costco is currently down by 5.8 percent after ending the previous session at its best closing level in well over three months.

The pullback by Costco comes after the warehouse retailer reported better than expected fiscal fourth quarter results but shrinking margins raised concerns about an intensifying grocer price war.

by RTT Staff Writer

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