Burlington Stores Inc’s recent filing unveils that its Group President and CMO Vecchio Jennifer unloaded Company’s shares for reported $1.13 million on Mar 20 ’24. In the deal valued at $225.24 per share,5,025 shares were sold. As a result of this transaction, Vecchio Jennifer now holds 61,115 shares worth roughly $11.29 million.
Telsey Advisory Group reiterated its Burlington Stores Inc [BURL] rating to an Outperform in a research note published on March 08, 2024; the price target was $250. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who increased its forecast for the stock in mid January from “a Neutral” to “an Overweight”. Evercore ISI began covering BURL with “an Outperform” recommendation on November 07, 2023. Gordon Haskett revised its rating on September 27, 2023. It rated BURL as “a Hold” which previously was an “a Buy”.
Price Performance Review of BURL
On Monday, Burlington Stores Inc [NYSE:BURL] saw its stock fall -2.81% to $184.76. Over the last five days, the stock has lost -7.30%. Burlington Stores Inc shares have fallen nearly -5.00% since the year began. Nevertheless, the stocks have fallen -2.34% over the past one year. While a 52-week high of $232.69 was reached on 03/28/24, a 52-week low of $115.66 was recorded on 04/15/24. SMA at 50 days reached $208.05, while 200 days put it at $172.48. A total of 1.4 million shares were traded, compared to the trading of 0.77 million shares in the previous session.
Levels Of Support And Resistance For BURL Stock
The 24-hour chart illustrates a support level at 181.51, which if violated will result in even more drops to 178.25. On the upside, there is a resistance level at 190.32. A further resistance level may holdings at 195.88. The Relative Strength Index (RSI) on the 14-day chart is 27.86, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -17.51, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.07%. Stochastics %K at 5.95% indicates the stock is a buying.
The most recent change occurred on June 29, 2023 when Piper Sandler began covering the stock and recommended ‘”a Neutral”‘ rating along with a $155 price target.
