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BURL (Burlington Stores Inc) may reap gains as insiders became active recently

Burlington Stores Inc’s recently made public that its President and COO Marquette Travis unloaded Company’s shares for reported $21076.0 on Oct 07 ’24. In the deal valued at $250.91 per share,84 shares were sold. As a result of this transaction, Marquette Travis now holds 16,853 shares worth roughly $4.27 million.

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Then, Vecchio Jennifer sold 494 shares, generating $127,362 in total proceeds. Upon selling the shares at $257.82, the Group President and CMO now owns 60,919 shares.

Before that, Vecchio Jennifer bought 494 shares. Burlington Stores Inc shares valued at $129,398 were divested by the Officer at a price of $261.94 per share.

Telsey Advisory Group reiterated its Burlington Stores Inc [BURL] rating to an Outperform in a research note published on August 30, 2024; the price target was $310. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in late August has reiterated a ‘”an Outperform”‘ rating for it. Gordon Haskett also remained covering BURL and has increased its forecast on August 19, 2024 with a “Buy” recommendation from previously “Hold” rating. TD Cowen revised its rating on August 09, 2024. It rated BURL as “a Buy” which previously was an “a Hold”.

Price Performance Review of BURL

On Monday, Burlington Stores Inc [NYSE:BURL] saw its stock jump 0.65% to $253.28. Over the last five days, the stock has lost -0.80%. Burlington Stores Inc shares have risen nearly 30.23% since the year began. Nevertheless, the stocks have risen 112.11% over the past one year. While a 52-week high of $282.49 was reached on 08/29/24, a 52-week low of $116.33 was recorded on 04/25/24. SMA at 50 days reached $263.93, while 200 days put it at $227.66.

Levels Of Support And Resistance For BURL Stock

The 24-hour chart illustrates a support level at 251.83, which if violated will result in even more drops to 250.38. On the upside, there is a resistance level at 255.08. A further resistance level may holdings at 256.88. The Relative Strength Index (RSI) on the 14-day chart is 44.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.43, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 51.28%. Stochastics %K at 44.62% indicates the stock is a holding.

How much short interest is there in Burlington Stores Inc?

A steep rise in short interest was recorded in Burlington Stores Inc stocks on 2024-10-15, dropping by -0.18 million shares to a total of 1.9 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 2.09 million shares. There was a decline of -9.67%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on May 31, 2024 when Telsey Advisory Group resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $270.

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