Burlington Stores Inc’s recent filing unveils that its President and COO Marquette Travis unloaded Company’s shares for reported $0.5 million on Jun 05 ’24. In the deal valued at $233.00 per share,2,146 shares were sold. As a result of this transaction, Marquette Travis now holds 17,119 shares worth roughly $3.99 million.
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Then, Pasch Matthew sold 883 shares, generating $207,788 in total proceeds. Upon selling the shares at $235.32, the Chief Human Resources Officer now owns 7,237 shares.
Before that, Vecchio Jennifer sold 5,025 shares. Burlington Stores Inc shares valued at $1,131,823 were divested by the Group President and CMO at a price of $225.24 per share. As a result of the transaction, Vecchio Jennifer now holds 61,115 shares, worth roughly $14.24 million.
Telsey Advisory Group reiterated its Burlington Stores Inc [BURL] rating to an Outperform in a research note published on May 31, 2024; the price target was $270. A number of analysts have revised their coverage, including UBS’s analysts, who increased its forecast for the stock in early May from “a Sell” to “a Neutral”. Telsey Advisory Group also remained covering BURL and reiterated its “an Outperform” recommendation on March 08, 2024. Piper Sandler revised its rating on January 17, 2024. It rated BURL as “an Overweight” which previously was an “a Neutral”.
Price Performance Review of BURL
On Monday, Burlington Stores Inc [NYSE:BURL] saw its stock fall -2.91% to $233.02. Over the last five days, the stock has lost -3.92%. Burlington Stores Inc shares have risen nearly 19.82% since the year began. Nevertheless, the stocks have risen 51.71% over the past one year. While a 52-week high of $245.43 was reached on 06/25/24, a 52-week low of $115.66 was recorded on 04/25/24. SMA at 50 days reached $208.53, while 200 days put it at $183.56. A total of 0.97 million shares were traded, compared to the trading of 1.36 million shares in the previous session.
Levels Of Support And Resistance For BURL Stock
The 24-hour chart illustrates a support level at 228.67, which if violated will result in even more drops to 224.31. On the upside, there is a resistance level at 239.41. A further resistance level may holdings at 245.79. The Relative Strength Index (RSI) on the 14-day chart is 56.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.48, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 65.52%. Stochastics%K at 58.17% indicates the stock is a holding.
The most recent change occurred on November 07, 2023 when Evercore ISI began covering the stock and recommended ‘”an Outperform”‘ rating along with a $150 price target.
