Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Burlington Stores Inc shares valued at $495,922 were sold by Ferroni Stephen on Sep 09 ’24. At $264.49 per share, Ferroni Stephen sold 1,875 shares. The insider’s holdings dropped to 1,904 shares worth approximately $0.51 million following the completion of this transaction.
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Also, Vecchio Jennifer sold 494 shares, netting a total of over 131,349 in proceeds. Following the sale of shares at $265.89 each, the insider now holds 61,413 shares.
Before that, Vecchio Jennifer had added 494 shares to its account. In a trade valued at $131,434, the Officer bought Burlington Stores Inc shares for $266.06 each.
As published in a research note from Telsey Advisory Group on August 30, 2024, Burlington Stores Inc [BURL] has been retained to an Outperform and the price target has been revised to $310. Analysts at Telsey Advisory Group resumed the stock at ‘”an Outperform”‘ outlook in a report released in late August. As of August 19, 2024, Gordon Haskett has increased its “Hold” rating to a “Buy” for BURL. Earlier on August 09, 2024, TD Cowen upgraded its rating. Their new recommendation was “a Buy” for BURL stock which previously was a “a Hold”.
Analyzing BURL Stock Performance
During the last five days, there has been a surge of approximately 0.97%. Over the course of the year, Burlington Stores Inc shares have jumped approximately 37.49%. Shares of the company reached a 52-week high of $282.49 on 08/29/24 and a 52-week low of $174.64 on 04/25/24. A 50-day SMA is recorded $255.86, while a 200-day SMA reached $214.93. Nevertheless, trading volume fell to 0.62 million shares from 0.5 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 263.86, which, if violated, would cause prices to drop to 260.33. In the upper region, resistance lies at 269.64. The next price resistance is at 271.89. RSI (Relative Strength Index) is 55.17 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.66, which suggests the price will decrease in the coming days. Percent R is at 61.97%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
