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--- public:sotm:updown [2023/04/20 16:02] – [2023-04-20 why is costco up today?] raju
+++ public:sotm:updown [2023/08/18 15:23] – [2023-05-22 Why is Costco down today?] raju
@@ Line 49: / Line 49: @@
 ==== 2023-04-20 why is costco up today? ====
-time | 2023-04-20 12 pm
 Observation:
-  * VOO is down 40 bps but COST is up 257 bps.
+  * time = 2023-04-20 12:04 pm
+  * prices = {VOO: \$378.69, COST: \$508.36}
+  * returns = {VOO: 48 bps, COST: 249 bps}
 Hypothesis:
   * On 2023-04-19, Costco announced that they will be increasing the cash dividend from 90 cents to $1.02 per share. The dividend is payable May 19, 2023, to shareholders of record at the close of business on May 5, 2023.
     * Ref:- https://investor.costco.com/news/news-details/2023/Costco-Wholesale-Corporation-Announces-an-Increase-in-Its-Quarterly-Cash-Dividend/default.aspx Costco is increasing .
+==== 2023-05-22 Why is Costco down today? ====
+Observation:
+^ Stock ^ 2023-05-19 close (\$) ^ 2023-05-22 close (\$) ^ 2023-05-22 return (bps) ^
+| COST |  496.52 |  491.87 |  -94 |
+| VOO |  384.57 |  384.78 |  5 |
+Is there anything that could explain this?
+I checked
+  * No dividends are paid on either 5/19 or 5/22
+  * No news on https://investor.costco.com/news/default.aspx
+What else?
+Ref:
+  * https://finance.yahoo.com/quote/COST/history?p=COST
+  * https://finance.yahoo.com/quote/VOO/history?p=VOO
+==== 2023-08-18 VOO vs. 10 year treasuries yield ====
+  * From Aug 1st 2023 through Aug 17th 2023, VOO went down ~5% (from $420 to $400); US 10 year note went up 25 bps (from 4.05 bps to 4.30 bps).