On a relative basis, the stock has outperformed the S&P 500 by 2.84% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.12% in the last 1 week, and is up 7.33% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 3.8% and the 50-Day Moving Average is 10.96%.
Burlington Stores (NYSE:BURL): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $67.42 and $67.01 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $68.14. The buying momentum continued till the end and the stock did not give up its gains. It closed at $67.79, notching a gain of 0.62% for the day. The total traded volume was 1,428,328 . The stock had closed at $67.37 on the previous day.
The company Insiders own 2.21% of Burlington Stores shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -11.35% . During last six month period, the net percent change held by insiders has seen a change of -17.19%. 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.