Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. BJ’s Wholesale Club Holdings Inc shares valued at $77,370 were sold by McGrail Joseph on Apr 15 ’24. At $77.37 per share, McGrail Joseph sold 1,000 shares. The insider’s holdings dropped to 12,905 shares worth approximately $0.97 million following the completion of this transaction.
Also, Schwartz Monica sold 13,578 shares, netting a total of over 1,070,082 in proceeds. Following the sale of shares at $78.81 each, the insider now holds 13,545 shares.
Before that, Eddy Robert W. had sold 11,000 shares from its account. In a trade valued at $843,711, the President & CEO traded BJ’s Wholesale Club Holdings Inc shares for $76.70 each. Upon closing the transaction, the insider’s holdings decreased to 11,000 shares, worth approximately $37.7 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 drop of approximately -5.19%. Over the course of the year, BJ’s Wholesale Club Holdings Inc shares have jumped approximately 12.93%. Shares of the company reached a 52-week high of $80.42 on 04/11/24 and a 52-week low of $64.06 on 02/05/24. A 50-day SMA is recorded $73.40, while a 200-day SMA reached $68.73. Nevertheless, trading volume fell to 3.37 million shares from 1.64 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 74.60, which, if violated, would cause prices to drop to 73.91. In the upper region, resistance lies at 76.42. The next price resistance is at 77.55. RSI (Relative Strength Index) is 49.09 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.37, which suggests the price will decrease in the coming days. Percent R is at 70.97%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
