Watch This Costco Price Level as Stock Gains On Membership Fee Hike, Strong Sales

Group 1 - Costco shares increased by 2.5% in extended trading after raising membership fees for the first time since 2017 and reporting a significant rise in June sales [1][2] - Membership fees will rise to $65 for individuals and $130 for executive memberships, marking an 8% increase, affecting approximately 52 million memberships in the U.S. and Canada [2] - In the latest quarter, membership fees accounted for $1.1 billion, approximately 2% of Costco's total revenue of $58.5 billion [2] Group 2 - Costco shares have been in a long-term uptrend since the formation of a bullish golden cross signal in May of the previous year [3] - Recent stock gains accelerated after a retracement to the 50-day moving average, with a breakout from a pennant pattern indicating a continuation of the current trend [3] Group 3 - A price target for Costco shares is projected at $1,032, calculated by adding $177 to the breakout point of $855 [4] - Costco shares reached $906.70 in after-hours trading, indicating proximity to their all-time high [4]