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 $141,960 were purchased by Vecchio Jennifer on Jan 02 ’25. At $287.37 per share, Vecchio Jennifer acquired 494 shares.
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Also, Vecchio Jennifer sold 494 shares, netting a total of over 145,182 in proceeds. Following the sale of shares at $293.89 each, the insider now holds 59,931 shares.
Before that, Vecchio Jennifer had added 494 shares to its account. In a trade valued at $141,387, the Officer bought Burlington Stores Inc shares for $286.21 each.
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 drop of approximately -1.12%. Over the course of the year, Burlington Stores Inc shares have jumped approximately 0.26%. Shares of the company reached a 52-week high of $289.61 on 01/02/25 and a 52-week low of $282.18 on 01/02/25. A 50-day SMA is recorded $274.94, while a 200-day SMA reached $244.65. Nevertheless, trading volume fell to 0.71 million shares from 0.67 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 282.11, which, if violated, would cause prices to drop to 278.43. In the upper region, resistance lies at 289.55. The next price resistance is at 293.30. RSI (Relative Strength Index) is 51.41 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.13, which suggests the price will decrease in the coming days. Percent R is at 59.66%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
