Shares of Michael Kors Holdings Limited (KORS) Sees Large Outflow of Money

Michael Kors Holdings Limited (KORS) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($2.68 million) and the uptick to downtick ratio was 0.75. The transaction value on upticks was $7.89 million and on downticks, the transaction value was $10.57 million. In block trades, the transaction value of inflow done during uptick was $0.52 million. The transaction value of block trades during downticks was $0.68 million. The uptick to downtick block trade ratio was 0.76. The money flow was negative ($0.16 million), indicating the traders were booking profit on the price strength. Michael Kors Holdings Limited (KORS) rose $0.07 at $51.79, during intraday Thursday , a rise of 0.14% over the previous days close.


The stock has recorded a 20-day Moving Average of 3.95% and the 50-Day Moving Average is 8.48%. Shares have rallied 17.53% from its 1 Year high price. On Mar 14, 2016, the shares registered one year high at $59.49 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $48.00 and the 200 Day Moving Average price is recorded at $49.01.

Michael Kors Holdings Limited (NYSE:KORS): The stock opened at $51.91 on Thursday but the bulls could not build on the opening and the stock topped out at $51.98 for the day. The stock traded down to $51.49 during the day, due to lack of any buying support eventually closed down at $51.57 with a loss of -0.29% for the day. The stock had closed at $51.72 on the previous day. The total traded volume was 1,748,230 shares.

In an insider trading activity, The officer (SVP, Corp Str & Ch Ops Off), of Michael Kors Holdings Ltd, Robinson Cathy Marie had unloaded 759 shares at $49.89 per share in a transaction on June 17, 2016. The total value of transaction was $37,867. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

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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