Michael Kors Holdings Limited (KORS) has been under a strong bear grip, hence the stock is down -0.08% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.61% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.54% in the last 1 week, and is up 3.27% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 1.38% and the 50-Day Moving Average is 6.52%. Michael Kors Holdings Limited is up 0.12% in the last 3-month period. Year-to-Date the stock performance stands at 29.11%.
Michael Kors Holdings Limited (NYSE:KORS): On Fridays trading session , Opening price of the stock was $51.86 with an intraday high of $51.97. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $51.27. However, the stock managed to close at $51.72, a loss of 0.65% for the day. On the previous day, the stock had closed at $52.06. The total traded volume of the day was 1,628,482 shares.
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.