The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. BJ’s Wholesale Club Holdings Inc shares valued at $873,382 were sold by Eddy Robert W. on Sep 03 ’24. At $79.40 per share, Eddy Robert W. sold 11,000 shares. The insider’s holdings dropped to 445,792 shares worth approximately $34.9 million following the completion of this transaction.
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Also, McGrail Joseph sold 1,000 shares, netting a total of over 83,570 in proceeds. Following the sale of shares at $83.57 each, the insider now holds 13,566 shares.
Before that, McGrail Joseph had added 1,000 shares to its account. In a trade valued at $83,570, the Officer bought BJ’s Wholesale Club Holdings Inc shares for $83.57 each.
As published in a research note from JP Morgan on August 26, 2024, BJ’s Wholesale Club Holdings Inc [BJ] has been rated up from an Underweight to a Neutral and the price target has been revised to $78 from $76. Analysts at Wells Fargo upgraded the stock from ‘”an Equal weight”‘ to ‘”an Overweight”‘ outlook in a report released in late August. As of May 23, 2024, Gordon Haskett has increased its “Hold” rating to a “Buy” for BJ. Earlier on April 18, 2024, Loop Capital downgraded its rating. Their new recommendation was “a Hold” for BJ stock which previously was a “a Buy”.
Analyzing BJ Stock Performance
During the last five days, there has been a drop of approximately -5.18%. Over the course of the year, BJ’s Wholesale Club Holdings Inc shares have jumped approximately 17.43%. Shares of the company reached a 52-week high of $92.37 on 07/11/24 and a 52-week low of $64.06 on 02/05/24. A 50-day SMA is recorded $86.19, while a 200-day SMA reached $76.53. Nevertheless, trading volume fell to 1.54 million shares from 1.5 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 77.61, which, if violated, would cause prices to drop to 76.95. In the upper region, resistance lies at 79.03. The next price resistance is at 79.79. RSI (Relative Strength Index) is 34.24 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.93, which suggests the price will decrease in the coming days. Percent R is at 93.44%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
