BJ's Stock Surges on Sale Speculation

Stock in BJ's Wholesale Club soared amid speculation that the warehouse club operator would put itself up for sale.

NATICK, Mass. — Stock in BJ's Wholesale Club soared Wednesday amid speculation that the warehouse club operator would put itself up for sale.

Bloomberg news reported Wednesday that BJ's had hired Morgan Stanley to conduct a sale, citing three unnamed sources. BJ's has been the subject of investor speculation for some time, but interest was renewed in late June when Los Angeles-based private investor Leonard Green and Partners disclosed a 9.5% ownership stake in BJ's and express

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