Burberry Group PLC (OTCMKTS:BURBY – Get Free Report) saw an uptick in trading volume on Wednesday after Barclays upgraded the stock from a hold rating to a strong-buy rating. 346,210 shares were traded during trading, an increase of 389% from the previous session’s volume of 70,789 shares.The stock last traded at $15.3918 and had previously closed at $16.30.
Burberry Group Trading Down 5.6%
The firm’s 50-day simple moving average is $16.72 and its two-hundred day simple moving average is $16.51.
About Burberry Group
Burberry Group plc is a British luxury fashion house renowned for its distinctive designs and iconic outerwear. The company’s product portfolio encompasses ready-to-wear clothing, leather goods, handbags, accessories, footwear, fragrances and beauty items. Burberry is particularly famous for its classic trench coat, crafted from its patented gabardine fabric, and the signature checked pattern that has become a global emblem of luxury.
Founded in 1856 by Thomas Burberry in Basingstoke, England, the company initially specialized in weatherproof garments and outdoor attire.
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