The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Burlington Stores Inc shares valued at $1,131,823 were sold by Vecchio Jennifer on Mar 20 ’24. At $225.24 per share, Vecchio Jennifer sold 5,025 shares. The insider’s holdings dropped to 61,115 shares worth approximately $12.1 million following the completion of this transaction.
As published in a research note from Telsey Advisory Group on March 08, 2024, Burlington Stores Inc [BURL] has been retained to an Outperform and the price target has been revised to $250. Analysts at Piper Sandler upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in mid January. As of November 07, 2023, Evercore ISI has initiated its “an Outperform” rating for BURL. Earlier on September 27, 2023, Gordon Haskett downgraded its rating. Their new recommendation was “a Hold” for BURL stock which previously was a “a Buy”.
Analyzing BURL Stock Performance
During the last five days, there has been a drop of approximately -2.16%. Over the course of the year, Burlington Stores Inc shares have jumped approximately 1.84%. Shares of the company reached a 52-week high of $232.69 on 03/28/24 and a 52-week low of $187.39 on 01/05/24. A 50-day SMA is recorded $208.32, while a 200-day SMA reached $172.14. Nevertheless, trading volume fell to 0.77 million shares from 1.31 million shares the previous day.
Support And Resistance Levels for Burlington Stores Inc (BURL)
According to the 24-hour chart, there is a support level at 195.07, which, if violated, would cause prices to drop to 192.08. In the upper region, resistance lies at 200.12. The next price resistance is at 202.18. RSI (Relative Strength Index) is 36.07 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -16.75, which suggests the price will decrease in the coming days. Percent R is at 86.49%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Burlington Stores Inc subject to short interest?
Stocks of Burlington Stores Inc saw a sharp steep in short interest on Mar 15, 2024 dropping by -0.27 million shares to 2.67 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 2.94 million shares. A decline of -10.11% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.9 of the overall float, the days-to-cover ratio (short ratio) decline to 2.9.
