Shares of Kate Spade & Company (KATE) Drops by -1.73%

Kate Spade & Company (KATE) has risen sharply, recording gains of 1.79% in the past 4 weeks. However, the stock has corrected -1.73% in the past 1 week, providing a good buying opportunity on dips. Kate Spade & Company (KATE) : During the past 4 weeks, traders have been relatively bearish on Kate Spade & Company (KATE), hence the stock is down -2.47% 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 -3.17% relative to the S&P 500. The stock has recorded a 20-day Moving Average of 1.8% and the 50-Day Moving Average is 1.99%.

Kate Spade & Company (NYSE:KATE): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $21.11 and $20.90 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $21.34. The buying momentum continued till the end and the stock did not give up its gains. It closed at $21.06, notching a gain of 0.19% for the day. The total traded volume was 3,216,112 . The stock had closed at $21.02 on the previous day.


The company Insiders own 0.82% of Kate Spade & Company shares according to the proxy statements.

Kate Spade & Company is engaged in the design and marketing of a range of accessories and apparel. The Company operates through three segments: KATE SPADE North America, KATE SPADE International and Adelington Design Group. KATE SPADE North America segment consists of the Companys kate spade new york, KATE SPADE SATURDAY and JACK SPADE brands in North America. KATE SPADE International segment consists of the Companys kate spade new york, KATE SPADE SATURDAY and JACK SPADE brands in International markets. Adelington Design Group segment consists of exclusive arrangements to supply jewelry for the LIZ CLAIBORNE and MONET brands; the wholesale apparel and wholesale non-apparel operations of the licensed LIZWEAR brand and other brands, and the licensed LIZ CLAIBORNE NEW YORK brand. The Company operates specialty retail stores, outlet stores and concession stores.

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