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 $199,493 were purchased by Ortega Steven L on Sep 16 ’24. At $81.26 per share, Ortega Steven L acquired 2,455 shares. The insider’s holdings grew to 6,901 shares worth approximately $0.57 million following the completion of this transaction.
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Also, Eddy Robert W. sold 11,000 shares, netting a total of over 873,382 in proceeds. Following the sale of shares at $79.40 each, the insider now holds 445,792 shares.
Before that, McGrail Joseph had sold 1,000 shares from its account. In a trade valued at $83,570, the SVP, Controller traded BJ’s Wholesale Club Holdings Inc shares for $83.57 each. Upon closing the transaction, the insider’s holdings decreased to 1,000 shares, worth approximately $1.11 million.
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 surge of approximately 1.37%. Over the course of the year, BJ’s Wholesale Club Holdings Inc shares have jumped approximately 23.10%. 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 $83.68, while a 200-day SMA reached $77.67. Nevertheless, trading volume fell to 1.2 million shares from 0.98 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 81.48, which, if violated, would cause prices to drop to 80.91. In the upper region, resistance lies at 82.65. The next price resistance is at 83.25. RSI (Relative Strength Index) is 52.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.59, which suggests the price will increase in the coming days. Percent R is at 9.92%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
