Kate Spade & Company (KATE) Shares are Up 1.99%

Kate Spade & Company (KATE) : Traders are bullish on Kate Spade & Company (KATE) as it has outperformed the S&P 500 by a margin of 0.55% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.37%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.99% in the last 1 week, and is up 7.35% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Kate Spade & Company (NYSE:KATE): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $21.22 and $20.89 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $21.55. The buying momentum continued till the end and the stock did not give up its gains. It closed at $21.48, notching a gain of 1.03% for the day. The total traded volume was 987,206 . The stock had closed at $21.26 on the previous day.


The stock has recorded a 20-day Moving Average of 3.54% and the 50-Day Moving Average is 1.33%. Kate Spade & Company has dropped 14.46% during the last 3-month period . Year-to-Date the stock performance stands at 20.88%.

Kate Spade & Company is engaged in the design and marketing of a range of accessories and apparel. The Company operates through three segments: KATE SPADE North America, KATE SPADE International and Adelington Design Group. KATE SPADE North America segment consists of the Companys kate spade new york, KATE SPADE SATURDAY and JACK SPADE brands in North America. KATE SPADE International segment consists of the Companys kate spade new york, KATE SPADE SATURDAY and JACK SPADE brands in International markets. Adelington Design Group segment consists of exclusive arrangements to supply jewelry for the LIZ CLAIBORNE and MONET brands; the wholesale apparel and wholesale non-apparel operations of the licensed LIZWEAR brand and other brands, and the licensed LIZ CLAIBORNE NEW YORK brand. The Company operates specialty retail stores, outlet stores and concession stores.

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