Wednesday, December 13, 2017 10:15 PM ET
Insider Selling at Burlington Stores (BURL) Continues with Significant Sale
There was a substantial insider sale of Burlington Stores shares today, as indicated in a filing with the SEC as — Thomas Kingsbury, Director and Officer — sold 20,000 shares in the company having a market value of approximately $2,237,974 There have been 2 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 47,200 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 67,200 shares and have averaged 22,400 shares per transaction over this time period.
Burlington Stores insider trading represents a level of buy/sell trades that is above for the 10 peer company average over the last 90-day period. The Discount Stores peer group saw 17 buy/sell trades during this period for an average of 1.7 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 186,976 shares sold with company insiders disposing of 10,999 shares on average.
The data obtained in creating 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.
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