Burberry Shares Bounce as Investors Look for Evidence of Recovery
Burberry Group shares traded higher late Monday in London, reversing an earlier fall. Investors kept testing the British luxury brand’s recovery story as the market stayed volatile. Burberry shares were at 1,114.50 pence by 14:54 BST, up 8.50p or 0.77%, though prices were at least 20 minutes behind. The stock started the session at 1,093.50p, hit a low of 1,076p and reached 1,117.50p. It last closed at 1,106p. Trading volume came in at 4.53 million shares, moving past the 2.03 million average, according to S&P Global Market Intelligence.