Shares of Burberry Group PLC (OTCMKTS:BURBY – Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $16.33, but opened at $17.40. Burberry Group shares last traded at $17.4790, with a volume of 16,786 shares changing hands.
Burberry Group Stock Up 5.7%
The firm has a 50 day simple moving average of $16.62 and a two-hundred day simple moving average of $16.50.
Burberry Group Company Profile
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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