Burlington Stores Inc’s filing revealed that its Group President and CMO Vecchio Jennifer unloaded Company’s shares for reported $0.13 million on Aug 01 ’24. In the deal valued at $255.37 per share,494 shares were sold. As a result of this transaction, Vecchio Jennifer now holds 61,907 shares worth roughly $16.36 million.
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Then, Vecchio Jennifer bought 494 shares, generating $129,032 in total proceeds.
Before that, Vecchio Jennifer sold 494 shares. Burlington Stores Inc shares valued at $115,448 were divested by the Group President and CMO at a price of $233.70 per share. As a result of the transaction, Vecchio Jennifer now holds 62,401 shares, worth roughly $16.49 million.
TD Cowen upgraded its Burlington Stores Inc [BURL] rating to a Buy from a a Hold in a research note published on August 09, 2024; the price target was increased to $279 from $257. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in late May has reiterated a ‘”an Outperform”‘ rating for it. UBS also remained covering BURL and has increased its forecast on May 02, 2024 with a “Neutral” recommendation from previously “Sell” rating. Telsey Advisory Group maintained its rating on March 08, 2024. It rated BURL as “an Outperform”.
Price Performance Review of BURL
On Friday, Burlington Stores Inc [NYSE:BURL] saw its stock fall -0.27% to $264.27. Over the last five days, the stock has gained 4.96%. Burlington Stores Inc shares have risen nearly 35.89% since the year began. Nevertheless, the stocks have risen 54.31% over the past one year. While a 52-week high of $267.58 was reached on 08/15/24, a 52-week low of $115.66 was recorded on 04/25/24. SMA at 50 days reached $244.55, while 200 days put it at $203.57.
Levels Of Support And Resistance For BURL Stock
The 24-hour chart illustrates a support level at 261.52, which if violated will result in even more drops to 258.77. On the upside, there is a resistance level at 266.14. A further resistance level may holdings at 268.01. The Relative Strength Index (RSI) on the 14-day chart is 62.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.93, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 9.35%. Stochastics%K at 85.60% indicates the stock is a selling.
How much short interest is there in Burlington Stores Inc?
A steep rise in short interest was recorded in Burlington Stores Inc stocks on 2024-07-31, dropping by -0.73 million shares to a total of 2.12 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 2.86 million shares. There was a decline of -34.51%, which implies that there is a negative sentiment for the stock.
