Michael Kors Holdings Limited (KORS) has risen sharply, recording gains of 8.04% in the past 4 weeks. However, the stock has corrected -0.39% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.21% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Michael Kors Holdings Limited (NYSE:KORS): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $51.22 and $50.45 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $51.60. The buying momentum continued till the end and the stock did not give up its gains. It closed at $51.44, notching a gain of 0.18% for the day. The total traded volume was 1,903,073 . The stock had closed at $51.35 on the previous day.
The stock has recorded a 20-day Moving Average of 2.77% and the 50-Day Moving Average is 8.03%. Michael Kors Holdings Limited has dropped 0.31% during the last 3-month period . Year-to-Date the stock performance stands at 28.41%.
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.