Why BJ's Wholesale Club Stock Was Up 18% Last Month

The company showed retail investors and analysts what they wanted to see. Shares of membership-based warehouse chain BJ's Wholesale Club (BJ -0.25%) were up 17.9% in May, according to data provided by S&P Global Market Intelligence. The stock was pretty cheap already going into the month -- and then the company reported strong financial results on May 23 that rallied investors. The numbers for BJ's Wholesale's fiscal first quarter of 2024 weren't necessarily head-turning. Total Q1 revenue for the company wa ...