Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Burlington Stores Inc shares valued at $145,182 were sold by Vecchio Jennifer on Dec 02 ’24. At $293.89 per share, Vecchio Jennifer sold 494 shares. The insider’s holdings dropped to 59,931 shares worth approximately $17.43 million following the completion of this transaction.
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Also, Vecchio Jennifer purchased 494 shares, netting a total of over 141,387 in proceeds.
Before that, Vecchio Jennifer had sold 494 shares from its account. In a trade valued at $121,394, the Group President and CMO traded Burlington Stores Inc shares for $245.74 each. Upon closing the transaction, the insider’s holdings decreased to 494 shares, worth approximately $17.57 million.
As published in a research note from Telsey Advisory Group on November 27, 2024, Burlington Stores Inc [BURL] has been retained to an Outperform and the price target has been revised to $320. Analysts at Telsey Advisory Group resumed the stock at ‘”an Outperform”‘ outlook in a report released in late August. As of August 23, 2024, Telsey Advisory Group has reiterated its “an Outperform” rating for BURL. Earlier on August 19, 2024, Gordon Haskett 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 1.33%. Over the course of the year, Burlington Stores Inc shares have jumped approximately 49.51%. Shares of the company reached a 52-week high of $298.89 on 11/25/24 and a 52-week low of $174.64 on 04/25/24. A 50-day SMA is recorded $263.55, while a 200-day SMA reached $237.24. Nevertheless, trading volume fell to 0.76 million shares from 2.25 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 286.23, which, if violated, would cause prices to drop to 281.70. In the upper region, resistance lies at 294.13. The next price resistance is at 297.49. RSI (Relative Strength Index) is 64.21 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 8.40, which suggests the price will increase in the coming days. Percent R is at 22.78%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
