Costco Wholesale (NASDAQ:COST) Axes Lead

Costco Wholesale (NASDAQ:COST) has announced it will do away with lead wheel weights at all of its service centers.
Costco Wholesale (NASDAQ:Cost) stocks were at 67.61 at the end of the day’s trading on 11/30/2010. There’s been a 19.7% movement in the stock price over the past 3 months.

Costco Wholesale (NASDAQ:COST) Axes Lead

Costco Wholesale (NASDAQ:COST) has announced plans to voluntarily replace all remaining lead wheel weights with Perfect Equipment non-lead alternatives in all stores throughout New York and Vermont.
Robert Moyer, the director of tire operations of Costco Wholesale (NASDAQ:COST) said that, “I am confident that our proactive efforts are a significant step toward reducing the overall amount of lead released into the environment. We’re pleased to be working with an experienced company like Perfect Equipment who provides us with the highest quality product offerings and reliability we can count on. They have overseen our non-lead transition from the start and will continue to the finish.”
If you’re contemplating investing in Costco Wholesale (NASDAQ:Cost) stocks, make sure you take a look at this analyst advice, from a broad range of industry specialists:

Costco Wholesale (NASDAQ:Cost) Analyst Advice
Consensus Opinion: Hold
Mean recommendation: 2.06
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 1.9
Zack’s Rank: 4 out of 15 in the industry

We will be monitoring the Costco Wholesale (NASDAQ:Cost) stock level for developments over the next couple of weeks.