Stocks in News in Early Trading on December 29; BJ, RNOW
BJ’s Wholesale Club Inc. (NYSE: BJ) shares are soaring in early trading today. The stock opened at $47.18 and touched an intra-day high of $47.80. Currently, the stock is up 6.27% to $47.26, with volume at 1.18 million, above the daily average volume of 541,568. The stock is up 5.16% in the last three trading sessions.
BJ’s Wholesale shares are rallying today after reports that the company may be acquired by private equity firm Leonard Green & Partners. There has been continued speculation that the retailer may be a takeover target after Leonard Green & Partners LP bought a 9.5% stake in it back in July this year.
Based in Natick, Massachusetts, BJ’s Wholesale Club Inc. is warehouse club operator in the eastern United States.
RightNow Technologies (NASDAQ: RNOW) shares are rallying in early trading today. The stock reached a high of $22.79 in early trading after opening at $22.01. At last check, it was up 14.86% to $22.73 on volume of 1.16 million, above the daily average of 460,415. The stock has a 52-week range of $13.21-$27.80. It is down 1.43% in the last three trading sessions.
RightNow Technologies shares are climbing after the company’s stock was upgraded by Piper Jaffray to an Overweight rating. RightNow shares are now trading below their 50-day moving averahe and above their 200-day moving average.
RightNow Technologies is a software and programming company, providing RightNow CX, an on-demand suite of software and services. The company’s technology allows an organization’s service, marketing and sales personnel to leverage a common application platform.
