Large Outflow of Money Witnessed in Michael Kors Holdings Limited

Michael Kors Holdings Limited (NYSE:KORS) jumped 0.1 points or 0.2% on strong buying and was last priced at $49.94 per share. The shares saw huge fund flow intraday; a massive $20.98 million made their way in through the upticks but an even bigger $33.39 million made their way out through downticks. As per the last observation, the net money flow stood at $(-12.41) million and the up/down ratio was found to be 0.63. The shares have seen a weekly value change of 3.08% .A block trade was recorded in the company shares with a net money flow of $(-13.03) million. The composite value of the funds in upticks was $0 million and the total value of funds in downticks was $13.03. As can be seen from the data, the block transaction had the up/down ratio of 0.


Currently the company Insiders own 5% of Michael Kors Holdings Limited shares according to the proxy statements. Institutional Investors own 83.22% of Michael Kors Holdings Limited shares. On the companys insider trading activities, Tomlin Jean, director of Michael Kors Holdings Ltd, unloaded 2,975 shares at an average price of $50.65 on June 9, 2016. The total amount of the transaction was worth $150,684, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Michael Kors Holdings Limited (NYSE:KORS) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.17 points or 0.34% at $49.67 with 4,274,036 shares getting traded. Post opening the session at $49.65, the shares hit an intraday low of $49.5 and an intraday high of $50.16 and the price was in this range throughout the day. The company has a market cap of $8,765 million and the number of outstanding shares have been calculated to be 176,472,160 shares. The 52-week high of Michael Kors Holdings Limited (NYSE:KORS) is $59.49 and the 52-week low is $34.83.

Many analysts have stated their opinion on the company shares. Equity Analysts at the Piper Jaffray upgrades the rating on Michael Kors Holdings Limited (NYSE:KORS). The brokerage firm has issued a Overweight rating on the shares. The shares were previously rated Neutral. The rating by the firm was issued on April 27, 2016.

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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