Friday, January 12, 2018 10:15 PM ET
Insider Sale at Burlington Stores (BURL) Continues Selling Trend
An insider — Thomas Kingsbury, Director and Officer — sold 20,000 shares of Burlington Stores having a market value of approximately $2,430,800 today, as indicated in a form 4 document filed with the SEC. 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.
During the last 90 days, the number of insider buy/sell trades at Burlington Stores is above the 10-company peer group average. Discount Stores peer group saw 24 buy/sell trades during this period for an average of 2.4 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 158,169 shares sold with company insiders disposing of 6,590 shares on average.
The data sourced in evaluating 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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