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

BJ’s Wholesale Club Holdings Inc’s recently made public that its SVP, Controller McGrail Joseph unloaded Company’s shares for reported $49800.0 on Dec 11 ’24. In the deal valued at $99.60 per share,500 shares were sold. As a result of this transaction, McGrail Joseph now holds 13,066 shares worth roughly $ 1.37 million.

Then, McGrail Joseph bought 500 shares, generating $49,798 in total proceeds.

Before that, Eddy Robert W. sold 11,000 shares. BJ’s Wholesale Club Holdings Inc shares valued at $1,050,696 were divested by the President & CEO at a price of $95.52 per share. As a result of the transaction, Eddy Robert W. now holds 412,792 shares, worth roughly $43.43 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 Tuesday, BJ’s Wholesale Club Holdings Inc [NYSE:BJ] saw its stock fall -0.71% to $105.20. Over the last five days, the stock has lost -1.03%. BJ’s Wholesale Club Holdings Inc shares have risen nearly 17.74% since the year began. Nevertheless, the stocks have risen 54.25% over the past one year. While a 52-week high of $108.00 was reached on 02/13/25, a 52-week low of $68.30 was recorded on 01/03/25. SMA at 50 days reached $97.29, while 200 days put it at $88.46.

Levels Of Support And Resistance For BJ Stock

The 24-hour chart illustrates a support level at 104.19, which if violated will result in even more drops to 103.18. On the upside, there is a resistance level at 106.76. A further resistance level may holdings at 108.31. The Relative Strength Index (RSI) on the 14-day chart is 63.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.23, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 24.60%. Stochastics %K at 79.79% indicates the stock is a holding.

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