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JP Morgan analysts upgrades a Neutral rating for BJ’s Wholesale Club Holdings Inc (BJ)

NUE

In a filing, BJ’s Wholesale Club Holdings Inc revealed its President & CEO Eddy Robert W. unloaded Company’s shares for reported $0.87 million on Sep 03 ’24. In the deal valued at $79.40 per share,11,000 shares were sold. As a result of this transaction, Eddy Robert W. now holds 445,792 shares worth roughly $35.92 million.

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Then, McGrail Joseph sold 1,000 shares, generating $83,570 in total proceeds. Upon selling the shares at $83.57, the SVP, Controller now owns 13,566 shares.

Before that, McGrail Joseph bought 1,000 shares. BJ’s Wholesale Club Holdings Inc shares valued at $83,570 were divested by the Officer at a price of $83.57 per share.

JP Morgan upgraded its BJ’s Wholesale Club Holdings Inc [BJ] rating to a Neutral from a an Underweight in a research note published on August 26, 2024; the price target was increased to $78 from $76. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who increased its forecast for the stock in late August from “an Equal weight” to “an Overweight”. Gordon Haskett also remained covering BJ and has increased its forecast on May 23, 2024 with a “Buy” recommendation from previously “Hold” rating. Loop Capital revised its rating on April 18, 2024. 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 -1.10% to $80.57. Over the last five days, the stock has gained 3.69%. BJ’s Wholesale Club Holdings Inc shares have risen nearly 20.87% since the year began. Nevertheless, the stocks have risen 15.38% over the past one year. While a 52-week high of $92.37 was reached on 07/11/24, a 52-week low of $63.08 was recorded on 02/05/24. SMA at 50 days reached $85.07, while 200 days put it at $77.02.

Levels Of Support And Resistance For BJ Stock

The 24-hour chart illustrates a support level at 79.99, which if violated will result in even more drops to 79.41. On the upside, there is a resistance level at 81.39. A further resistance level may holdings at 82.21. The Relative Strength Index (RSI) on the 14-day chart is 46.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.39, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 40.03%. Stochastics %K at 61.11% 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 2024-08-30, growing by 0.29 million shares to a total of 7.81 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 7.53 million shares. There was a rise of 3.68%, which implies that there is a positive sentiment for the stock.

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