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

Michael Kors Holdings Limited (KORS) : The total money flow in Michael Kors Holdings Limited (KORS) was negative ($14.98 million), which signals selling by the traders on Thursdays session. They trimmed their holdings by selling the stock on downticks to the tune of $45.59 million. In comparison, the inflow of money into the stock on upticks was $30.61 million. The uptick to downtick ratio was 0.67. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $12.86 million. The value of transactions on uptick was $1.03 million. The negative money flow of ($11.83 million) confirms the selling in Michael Kors Holdings Limited (KORS) on strength. The uptick to downtick ratio of block trades was 0.08. Michael Kors Holdings Limited (KORS) gained $0.51 at $49.05, a gain of 1.05% over the previous days close. However, the stock registered -2.06% in the week.


Michael Kors Holdings Limited (KORS) : The highest short term price target forecast on Michael Kors Holdings Limited (KORS) is $75 and the lowest target price is $42. A total of 16 equity analysts are currently covering the company. The average price of all the analysts is $54.63 with a standard deviation of $9.44. The stock has recorded a 20-day Moving Average of 0.76% and the 50-Day Moving Average is 2.67%.

Michael Kors Holdings Limited (NYSE:KORS): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $48.58 and $48.48 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $49.84. The buying momentum continued till the end and the stock did not give up its gains. It closed at $49.05, notching a gain of 1.05% for the day. The total traded volume was 3,622,307 . The stock had closed at $48.54 on the previous day.

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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