Large Outflow of Money Witnessed in Michael Kors Holdings Limited

Michael Kors Holdings Limited (KORS) : Net money flow in Michael Kors Holdings Limited (KORS) was negative ($7.81 million) and the inflow of money on uptick was $13.56 million, whereas, the outflow of money on downticks amounted to $21.37 million on Monday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.63. 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 $6.5 million. The money flow in block trades was negative ($6.5). Michael Kors Holdings Limited (KORS) gained $0.36 cent during the day and reached $52, a gain of 0.7% over the previous day.


Michael Kors Holdings Limited has dropped 1.22% during the last 3-month period . Year-to-Date the stock performance stands at 29.81%. Shares of Michael Kors Holdings Limited rose by 1.76% in the last five trading days and 5.93% for the last 4 weeks. In a related news, The Securities and Exchange Commission has divulged that Robinson Cathy Marie, officer (SVP, Corp Str & Ch Ops Off) of Michael Kors Holdings Ltd, had unloaded 759 shares at an average price of $49.89 in a transaction dated on June 17, 2016. The total value of the transaction was worth $37,867.

Michael Kors Holdings Limited (NYSE:KORS): stock turned positive on Monday. Though the stock opened at $51.64, the bulls momentum made the stock top out at $52.7 level for the day. The stock recorded a low of $51.48 and closed the trading day at $52, in the green by 0.70%. The total traded volume for the day was 1,678,798. The stock had closed at $51.64 in the previous days trading.

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.

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