BJ’s Wholesale Club Holdings Inc’s recent filing unveils that its Director Baldwin Christopher J unloaded Company’s shares for reported $5.4 million on Mar 11 ’24. In the deal valued at $73.95 per share,73,062 shares were sold. As a result of this transaction, Baldwin Christopher J now holds 173,294 shares worth roughly $12.98 million.
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Then, Werner William C. sold 25,000 shares, generating $1,943,243 in total proceeds. Upon selling the shares at $77.73, the EVP, Strategy & Development now owns 29,357 shares.
Before that, Luce Graham sold 7,479 shares. BJ’s Wholesale Club Holdings Inc shares valued at $582,941 were divested by the EVP, Secretary at a price of $77.94 per share. As a result of the transaction, Luce Graham now holds 23,971 shares, worth roughly $1.8 million.
Gordon Haskett downgraded its BJ’s Wholesale Club Holdings Inc [BJ] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in early January from “an Overweight” to “an Equal weight”. Gordon Haskett also remained covering BJ and has increased its forecast on November 10, 2023 with a “Buy” recommendation from previously “Hold” rating. Deutsche Bank revised its rating on November 06, 2023. It rated BJ as “a Hold” which previously was an “a Buy”.
Price Performance Review of BJ
On Monday, BJ’s Wholesale Club Holdings Inc [NYSE:BJ] saw its stock fall -3.13% to $74.93. Over the last five days, the stock has lost -1.92%. BJ’s Wholesale Club Holdings Inc shares have risen nearly 12.41% since the year began. Nevertheless, the stocks have fallen -0.27% over the past one year. While a 52-week high of $78.97 was reached on 03/07/24, a 52-week low of $60.33 was recorded on 02/05/24. SMA at 50 days reached $69.93, while 200 days put it at $67.61. A total of 2.25 million shares were traded, compared to the trading of 1.32 million shares in the previous session.
Levels Of Support And Resistance For BJ Stock
The 24-hour chart illustrates a support level at 73.87, which if violated will result in even more drops to 72.80. On the upside, there is a resistance level at 76.70. A further resistance level may holdings at 78.46. The Relative Strength Index (RSI) on the 14-day chart is 54.19, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.20, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 58.30%. Stochastics %K at 70.07% 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 Feb 29, 2024, growing by 0.75 million shares to a total of 9.37 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 8.62 million shares. There was a rise of 8.0%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 8.82% of the overall stock float, the days-to-cover ratio (short ratio) rose to 8.75.
