Burlington Stores (BURL) sees Significant Insider Selling Continuing

Wednesday, September 13, 2017 10:15 PM ET

Burlington Stores (BURL) sees Significant Insider Selling Continuing

One insider — Thomas Kingsbury, Director and Officer — today, sold 20,000 shares of Burlington Stores having a market value of approximately $1,756,138, as disclosed in a form 4 document filed with the SEC. There have been 3 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 50,790 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 70,790 shares and have averaged 17,698 shares per transaction over this time period.

In relation to the peer group over the last 90 days, insider buy/sell trading at Burlington Stores is greater than the 10-company peer group average. Discount Stores peer group saw 16 buy/sell trades during this period for an average of 1.6 transactions per company. The number of shares per buy/sell trade for Burlington Stores insiders was also higher. Within the peer group there were 0 shares purchased and 89,786 shares sold with company insiders selling 5,612 shares on average.

The data obtained in composing and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

For more information, contact UpTick at info@uptickdata.com. Copyright 2017 UpTick Data Technologies. All rights reserved.

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