Large Inflow of Money Detected in Burlington Stores

Burlington Stores (BURL) stock had a bullish inflow of $22.97 million worth of trades on uptick and an outflow of $20.15 million in downticks on Wednesday. The total uptick to downtick ratio stood at 1.14. The net money flow into the stock was $2.82 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $4.79 million. $4.79 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. However, Burlington Stores (BURL) stock traded down $0.29 , and reached $74.29, a drop of -0.38% over the previous day. On a weekly basis, the stock is 9.58%, over the previous weeks close.


Also, Equity analysts at the Brokerage firm Goldman Sachs maintains its rating on Burlington Stores (NYSE:BURL). The rating major has initiated the coverage with buy rating on the shares. The Analysts at Goldman Sachs raises the price target from $63 per share to $67 per share. The rating by the firm was issued on May 27, 2016.

Burlington Stores (NYSE:BURL): The stock opened at $75.40 on Wednesday but the bulls could not build on the opening and the stock topped out at $75.41 for the day. The stock traded down to $74.05 during the day, due to lack of any buying support eventually closed down at $74.27 with a loss of -0.40% for the day. The stock had closed at $74.57 on the previous day. The total traded volume was 1,458,213 shares.

The stock has recorded a 20-day Moving Average of 11.52% and the 50-Day Moving Average is 19.68%. In a related news, Metheny Mike, officer (Executive Vice President) of Burlington Stores, Inc., unloaded 4,000 shares at an average price of $67.08 on July 12, 2016. The total amount of the transaction was worth $268,320, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Burlington Stores, Inc. is a retailer of branded apparel. As of January 31, 2015, the Company had 542 stores, inclusive of an Internet store, in 44 states of the United States and Puerto Rico. The Companys offerings for women include dresses, tops, bottoms, coats, shoes, suits and suit separates, handbags, intimates and sleepwear, active wear, sweaters, swimwear and cover-ups, jewelry and watches, maternity, beauty and fragrance and scrubs. The Companys offerings for men include t-shirts, suits and suit separates, coats, shoes, pants, button downs, jeans, shorts, dress shirts, polos, hoodies and sweatshirts, swim and active wear, sports fan shop, socks and underwear, pajamas and robes, grooming, gadgets and gifts, belts, wallets and sweaters. The Companys offerings for juniors include dresses, tops, bottoms, shoes, coats, sweaters, handbags, sleepwear, swimwear, beauty and fragrance, jewelry and watches.

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