Wednesday, February 14, 2018 10:15 PM ET
Significant Insider Selling in Shares of Burlington Stores (BURL) 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 $2,358,259 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 disposition 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.
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 19 buy/sell trades during this period for an average of 1.9 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 131,012 shares sold with company insiders disposing of 6,895 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.
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