The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Burlington Stores Inc shares valued at $121,394 were sold by Vecchio Jennifer on Nov 01 ’24. At $245.74 per share, Vecchio Jennifer sold 494 shares. The insider’s holdings dropped to 60,425 shares worth approximately $16.29 million following the completion of this transaction.
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Also, Vecchio Jennifer purchased 494 shares, netting a total of over 123,198 in proceeds.
Before that, Marquette Travis had sold 84 shares from its account. In a trade valued at $21,076, the President and COO traded Burlington Stores Inc shares for $250.91 each. Upon closing the transaction, the insider’s holdings decreased to 84 shares, worth approximately $4.54 million.
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 2.78%. Over the course of the year, Burlington Stores Inc shares have jumped approximately 38.62%. 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 $260.62, while a 200-day SMA reached $231.68. Nevertheless, trading volume fell to 1.01 million shares from 0.82 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 265.46, which, if violated, would cause prices to drop to 261.34. In the upper region, resistance lies at 276.61. The next price resistance is at 283.64. RSI (Relative Strength Index) is 61.63 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 10.31, which suggests the price will increase in the coming days. Percent R is at 26.60%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
