BJ's Wholesale Club Up 7.1% On Takeover Rumors (BJ)

Shares of BJ's Wholesale Club, Inc. BJ are trading up 7.1% at $47.64 per share during the Wednesday afternoon trading session. The stock is climbing higher on rumors that it will soon become a takeover target. The day's trading range for shares of BJ's Wholesale Club, Inc has been between $47.00 and $47.80 per share. Analysts covering BJ's Wholesale Club, Inc. (BJ) stock give it a consensus price target of $47.60 per share. Trading volume for BJ's Wholesale Club, Inc has been heavy, with 1.5 million shares having been traded today, nearly double the daily average volume of 770,000 shares. BJ's Wholesale Club, Inc introduced the wholesale club concept to New England in 1984 and has since expanded to become a leading warehouse chain in the eastern United States. BJ's Wholesale Club, Inc operates 193 warehouse clubs in 15 states. Read more from Benzinga's Company news.