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Recent Insider Activity Suggests Potential Gains for BJ’s Wholesale Club Holdings Inc (BJ)

BJ’s Wholesale Club Holdings Inc’s filing revealed that its President & CEO Eddy Robert W. unloaded Company’s shares for reported $0.94 million on Nov 01 ’24. In the deal valued at $85.47 per share,11,000 shares were sold. As a result of this transaction, Eddy Robert W. now holds 423,792 shares worth roughly $40.35 million.

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Then, Eddy Robert W. bought 22,000 shares, generating $1,883,200 in total proceeds.

Before that, Eddy Robert W. sold 11,000 shares. BJ’s Wholesale Club Holdings Inc shares valued at $921,245 were divested by the President & CEO at a price of $83.75 per share. As a result of the transaction, Eddy Robert W. now holds 434,792 shares, worth roughly $41.4 million.

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 -1.13% to $95.21. Over the last five days, the stock has lost -1.58%. BJ’s Wholesale Club Holdings Inc shares have risen nearly 42.83% since the year began. Nevertheless, the stocks have risen 47.43% over the past one year. While a 52-week high of $99.91 was reached on 11/25/24, a 52-week low of $63.73 was recorded on 02/05/24. SMA at 50 days reached $87.46, while 200 days put it at $82.69.

Levels Of Support And Resistance For BJ Stock

The 24-hour chart illustrates a support level at 94.33, which if violated will result in even more drops to 93.45. On the upside, there is a resistance level at 96.69. A further resistance level may holdings at 98.17. The Relative Strength Index (RSI) on the 14-day chart is 64.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.39, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 29.39%. Stochastics %K at 76.13% 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 2024-10-31, growing by 0.23 million shares to a total of 7.08 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 6.84 million shares. There was a rise of 3.3%, which implies that there is a positive sentiment for the stock.

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