Tuesday, November 14, 2017 10:15 PM ET
Insider Selling in Burlington Stores (BURL) Shares Continues
There was a notable insider sale of Burlington Stores shares today, as revealed in a filing with the SEC as — Thomas Kingsbury, Director and Officer — disposed of 20,000 shares in the company having a market value of approximately $1,970,203 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 disposition of 48,922 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 68,922 shares and have averaged 17,231 shares per transaction over this time period.
Compared to its peers 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 22 buy/sell trades during this period for an average of 2.2 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 209,844 shares sold with company insiders having sold 9,538 shares on average.
Significant insider buying and selling activity has been determined by eliminating 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 in data used in composing and writing this story.
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.
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