Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. BJ’s Wholesale Club Holdings Inc shares valued at $843,711 were sold by Eddy Robert W. on Apr 08 ’24. At $76.70 per share, Eddy Robert W. sold 11,000 shares. The insider’s holdings dropped to 500,792 shares worth approximately $39.76 million following the completion of this transaction.
Also, Baldwin Christopher J sold 73,062 shares, netting a total of over 5,403,182 in proceeds. Following the sale of shares at $73.95 each, the insider now holds 173,294 shares.
Before that, Werner William C. had sold 25,000 shares from its account. In a trade valued at $1,943,243, the EVP, Strategy & Development traded BJ’s Wholesale Club Holdings Inc shares for $77.73 each. Upon closing the transaction, the insider’s holdings decreased to 25,000 shares, worth approximately $2.33 million.
As published in a research note from Goldman on April 08, 2024, BJ’s Wholesale Club Holdings Inc [BJ] has been rated up from a Neutral to a Buy and the price target has been revised to $87 from $81. Analysts at Gordon Haskett downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early February. As of January 04, 2024, Wells Fargo has decreased its “an Overweight” rating to a “an Equal weight” for BJ. Earlier on November 10, 2023, Gordon Haskett upgraded its rating. Their new recommendation was “a Buy” for BJ stock which previously was a “a Hold”.
Analyzing BJ Stock Performance
During the last five days, there has been a surge of approximately 6.78%. Over the course of the year, BJ’s Wholesale Club Holdings Inc shares have jumped approximately 19.11%. Shares of the company reached a 52-week high of $79.60 on 04/10/24 and a 52-week low of $64.06 on 02/05/24. A 50-day SMA is recorded $72.24, while a 200-day SMA reached $68.38. Nevertheless, trading volume fell to 1.92 million shares from 1.55 million shares the previous day.
Support And Resistance Levels for BJ’s Wholesale Club Holdings Inc (BJ)
According to the 24-hour chart, there is a support level at 77.71, which, if violated, would cause prices to drop to 76.01. In the upper region, resistance lies at 80.35. The next price resistance is at 81.29. RSI (Relative Strength Index) is 65.66 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.54, which suggests the price will increase in the coming days. Percent R is at 3.12%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is BJ’s Wholesale Club Holdings Inc subject to short interest?
Stocks of BJ’s Wholesale Club Holdings Inc saw a sharp rise in short interest on Mar 15, 2024 jumping by 0.46 million shares to 8.93 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 8.47 million shares. A jump of 5.15% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 5.64 of the overall float, the days-to-cover ratio (short ratio) jumped to 5.64.
