Large Outflow of Money Witnessed in Michael Kors Holdings Limited

Michael Kors Holdings Limited (KORS) : Wednesdays money flow analysis of Michael Kors Holdings Limited (KORS) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $41.1 million. In comparison, the inflow of money on upticks was a meager $10.92 million. The dollar value of composite uptick trades minus the downtick trades was negative $30.18 million. The uptick to downtick ratio of 0.27 in the money flow shows weakness. The uptick block trades were valued at $0.66 million. The downtick transaction value was high at $30.61 million, which denotes distribution on strength. The uptick to downtick ratio of block trades was 0.02. Hence, the net money flow in the stock was negative ($29.95 million). Michael Kors Holdings Limited (KORS) gained $0.07 at $48.24, a change of 0.15% over the previous days close.

Michael

Michael Kors Holdings Limited has lost 3.21% in the last five trading days and dropped 3.92% in the last 4 weeks. Michael Kors Holdings Limited has dropped 0.37% during the last 3-month period . Year-to-Date the stock performance stands at 20.42%.

Michael Kors Holdings Limited (KORS) has an average broker rating of 2.56, which is interpreted as a Hold, as rated by 16 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 12 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Michael Kors Holdings Limited (NYSE:KORS): The stock opened at $48.02 and touched an intraday high of $48.35 on Wednesday. During the day, the stock corrected to an intraday low of $47.77, however, the bulls stepped in and pushed the price higher to close in the green at $48.24 with a gain of 0.15% for the day. The total traded volume for the day was 1,895,649. The stock had closed at $48.17 in the previous trading session.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.