Burberry Group (OTCMKTS:BURBY) Shares Gap Down – Time to Sell?

Burberry Group PLC (OTCMKTS:BURBYGet Free Report)’s share price gapped down before the market opened on Friday . The stock had previously closed at $17.26, but opened at $16.70. Burberry Group shares last traded at $16.75, with a volume of 3,697 shares traded.

Burberry Group Trading Down 4.9%

The stock’s 50-day moving average price is $16.67 and its 200-day moving average price is $16.51.

Burberry Group Company Profile

(Get Free Report)

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.

Further Reading

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