Burlington Stores Inc’s recently made public that its Group President and CMO Vecchio Jennifer unloaded Company’s shares for reported $0.12 million on Nov 01 ’24. In the deal valued at $245.74 per share,494 shares were sold. As a result of this transaction, Vecchio Jennifer now holds 60,425 shares worth roughly $16.42 million.
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Then, Vecchio Jennifer bought 494 shares, generating $123,198 in total proceeds.
Before that, Marquette Travis sold 84 shares. Burlington Stores Inc shares valued at $21,076 were divested by the President and COO at a price of $250.91 per share. As a result of the transaction, Marquette Travis now holds 16,853 shares, worth roughly $4.58 million.
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 1.06% to $271.80. Over the last five days, the stock has gained 5.29%. Burlington Stores Inc shares have risen nearly 39.76% since the year began. Nevertheless, the stocks have risen 109.19% over the past one year. While a 52-week high of $282.49 was reached on 08/29/24, a 52-week low of $128.57 was recorded on 04/25/24. SMA at 50 days reached $260.98, while 200 days put it at $232.41.
Levels Of Support And Resistance For BURL Stock
The 24-hour chart illustrates a support level at 269.21, which if violated will result in even more drops to 266.63. On the upside, there is a resistance level at 274.21. A further resistance level may holdings at 276.63. The Relative Strength Index (RSI) on the 14-day chart is 63.12, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 11.20, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 20.67%. Stochastics %K at 74.80% indicates the stock is a holding.
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.
