Michael Kors Holdings Limited (KORS) : Net money flow in Michael Kors Holdings Limited (KORS) was negative ($3.11 million) and the inflow of money on uptick was $13.7 million, whereas, the outflow of money on downticks amounted to $16.8 million on Friday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.82. The block trades show that the large investors, were aggressive sellers in the stock. On the other hand, the total value of block trades done on downticks was $2.39 million. The money flow in block trades was negative ($2.39). Michael Kors Holdings Limited (KORS) gained $0.28 cent during the day and reached $49.9, a gain of 0.56% over the previous day.
The company Insiders own 5% of Michael Kors Holdings Limited shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -37.41% . Institutional Investors own 93.65% of Michael Kors Holdings Limited shares. During last six month period, the net percent change held by insiders has seen a change of -42.23%.
In a related news, The Securities and Exchange Commission has divulged that Sporn Lee S., officer (SVP Bus Affairs, GC) of Michael Kors Holdings Ltd, had unloaded 4,700 shares at an average price of $50 in a transaction dated on August 30, 2016. The total value of the transaction was worth $235,000.
Michael Kors Holdings Limited (NYSE:KORS): stock was range-bound between the intraday low of $49.16 and the intraday high of $50.36 after having opened at $49.48 on Fridays session. The stock finally closed in the red at $49.48, a loss of -0.83%. The stock remained in the red for the whole trading day. The total traded volume was 2,544,118 shares. The stock failed to cross $50.36 in Fridays trading. The stocks closing price on Thursday was $49.62.
Michael Kors Holdings Limited (KORS) : During the past 4 weeks, traders have been relatively bearish on Michael Kors Holdings Limited (KORS), hence the stock is down -2.25% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.26% relative to the S&P 500. The 4-week change in the price of the stock is -2.38% and the stock has fallen -0.77% in the past 1 week.
Michael Kors Holdings Limited is a global accessories, footwear and apparel company. The Company operates its business in three segments: retail, wholesale and licensing. It offers two primary collections: the Michael Kors luxury collection and the MICHAEL Michael Kors accessible luxury collection. In the Michael Kors collection, it offers accessories, including handbags and small leather goods, many of which are made from leathers and other exotic skins, footwear and apparel, including ready-to-wear women swear and menswear. Its MICHAEL Michael Kors collection offers accessories, primarily handbags and small leather goods, such as clutches, wallets, wristlets and cosmetic cases; footwear, primarily in womens styles; and women swear, including dresses, tops, jeans, pants, skirts, shorts and outerwear. Through its licensing segment, it enters into agreements that license to third parties use of its brand name and trademarks, certain production, and sales and distribution rights.