In a filing, Burlington Stores Inc revealed 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 $11.49 million.
UBS upgraded its Burlington Stores Inc [BURL] rating to a Neutral from a a Sell in a research note published on May 02, 2024; the price target was increased to $212 from $126. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in early March has reiterated a ‘”an Outperform”‘ rating for it. Piper Sandler also remained covering BURL and has increased its forecast on January 17, 2024 with a “an Overweight” recommendation from previously “Neutral” rating. Evercore ISI started covering the stock on November 07, 2023. It rated BURL as “an Outperform”.
Price Performance Review of BURL
On Monday, Burlington Stores Inc [NYSE:BURL] saw its stock jump 1.25% to $188.00. Over the last five days, the stock has gained 2.84%. Burlington Stores Inc shares have fallen nearly -3.33% since the year began. Nevertheless, the stocks have risen 2.32% 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 04/25/24. SMA at 50 days reached $203.50, while 200 days put it at $173.79. A total of 0.85 million shares were traded, compared to the trading of 1.17 million shares in the previous session.
Levels Of Support And Resistance For BURL Stock
The 24-hour chart illustrates a support level at 186.06, which if violated will result in even more drops to 184.12. On the upside, there is a resistance level at 189.50. A further resistance level may holdings at 191.00. The Relative Strength Index (RSI) on the 14-day chart is 46.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.83, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 15.20%. Stochastics %K at 69.54% indicates the stock is a holding.
