BJ’s Wholesale Club Holdings Inc.’s recent filing unveils that its President & CEO Eddy Robert W. unloaded Company’s shares for reported $0.27 million on Aug 17. In the deal valued at $70.13 per share,3,886 shares were sold. As a result of this transaction, Eddy Robert W. now holds 250,632 shares worth roughly $ 16.29 million.
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Then, Werner William C. sold 481 shares, generating $33,771 in total proceeds. Upon selling the shares at $70.21, the EVP, Strategy & Development now owns 36,850 shares.
Before that, Eddy Robert W. sold 1,399 shares. BJ’s Wholesale Club Holdings Inc. shares valued at $97,958 were divested by the President & CEO at a price of $70.02 per share. As a result of the transaction, Eddy Robert W. now holds 254,518 shares, worth roughly $16.54 million.
Barclays initiated its BJ’s Wholesale Club Holdings Inc. [BJ] rating to an Equal weight in a research note published on Tuesday, February 08, 2023; the price target was $72. PT values the company’s stock at a premium of 9.74 to its Tuesday closing price.
Price Performance Review of BJ
On Tuesday, BJ’s Wholesale Club Holdings Inc. [NYSE:BJ] saw its stock fall -1.10% to $64.99. On the same session, the stock had its day’s lowest price of $64.95, but rose to a high of $66.32. Over the last five days, the stock has gained 0.42%. BJ’s Wholesale Club Holdings Inc. shares have fallen nearly -1.77% since the year began. Nevertheless, the stocks have fallen -12.74% over the past one year. While a 52-week high of $80.41 was reached on 03/09/23, a 52-week low of $60.33 was recorded on 05/30/23. SMA at 50 days reached $65.79, while 200 days put it at $69.75. A total of 1.63 million shares were traded, compared to the trading of 1.6 million shares in the previous session.
Levels Of Support And Resistance For BJ Stock
The 24-hour chart illustrates a support level at 64.52, which if violated will result in even more drops to 64.05. On the upside, there is a resistance level at 65.89. A further resistance level may holdings at 66.79. The Relative Strength Index (RSI) on the 14-day chart is 42.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.78, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.52%. Stochastics %K at 22.12% indicates the stock is a holding.
How much short interest is there in BJ’s Wholesale Club Holdings Inc.?
A steep rise in short interest was recorded in BJ’s Wholesale Club Holdings Inc. stocks on Aug 14, 2023, growing by 0.41 million shares to a total of 8.56 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 8.15 million shares. There was a rise of 4.79%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 7.98% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.31.
According to FactSet, BJ’s Wholesale Club Holdings Inc.’s share price will average $75.78 in the next year, based on opinions of analysts polled by the firm. This is up nearly 17.18 percent from its previous closing price of $65.71. Analysts expect BJ’s Wholesale Club Holdings Inc. stock to reach the higher price of $90.00, while the lowest price estimate is $62.00. However, 22 analysts have rated BJ stock as an Overweight in their predictions for 2023.