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But recently Costcostockhas become a hot commodity with impressive growth for shareholders.
Why Costco Stock Keeps Growing
Costco has been a staple for many families for decades.
Costco also has the most market share in the warehouse grocery store space.
This advantage makes Costco a strong company that continues to grow.
As lockdowns gripped the country, Costco stock prices along with the rest of the market began to drop.
But Costco shares only dropped around 15% while the rest of the market dropped over 30%.
The growth stalled in 2022, as the Federal Reserve pushed up interest rates.
But growth resumed in 2023 and 2024, with stock prices doubling again during that time frame.
First, heres a look at the stock price from 5 years ago and today.
This means your investment has more than tripled in the last five years which is pretty crazy!
But if you had $50,000 to invest, youd have made over $100,000 in profit!
Should You Invest In Costco Stock Now?
Theres no doubt that Costco stock has made a lot of investors a whole lot of money.
But is it still worth investing in?
Well, for one, a recent strike was overturned by a deal between Costco and the Teamsters Union.
Over 18,000 Costco workers were about to go on strike, but a last-minute deal called off the strike.
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