Shares of Coach (NYSE:COH) Sees Large Outflow of Money

Coach (NYSE:COH) : Wednesdays money flow analysis of Coach (NYSE:COH) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $32.43 million. In comparison, the inflow of money on upticks was a meager $20.24 million. The dollar value of composite uptick trades minus the downtick trades was negative $12.19 million. The uptick to downtick ratio of 0.62 in the money flow shows weakness. The uptick block trades were valued at $4.86 million. The downtick transaction value was high at $16.53 million, which denotes distribution on strength. The uptick to downtick ratio of block trades was 0.29. Hence, the net money flow in the stock was negative ($11.67 million). Coach (NYSE:COH) gained $1.32 at $39.86, a change of 3.43% over the previous days close.


In an insider trading activity,The director of Coach Inc, Zeitlin Jide James sold 3,206 shares at $37.32 on June 14, 2016. The Insider selling transaction had a total value worth of $119,648. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. Currently the company Insiders own 0.64% of Coach shares according to the proxy statements. Institutional Investors own 87.71% of Coach shares.

The company shares have rallied 9.71% from its 1 Year high price. On Apr 27, 2016, the shares registered one year high at $42.13 and the one year low was seen on Sep 29, 2015. The 50-Day Moving Average price is $38.78 and the 200 Day Moving Average price is recorded at $37.31. Coach (NYSE:COH): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $39.06 and $39.03 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $39.97. The buying momentum continued till the end and the stock did not give up its gains. It closed at $39.86, notching a gain of 3.43% for the day. The total traded volume was 3,783,618 . The stock had closed at $38.54 on the previous day.

Coach, Inc. (Coach) is a design house of modern luxury accessories and lifestyle collections. The Company operates through three segments: North America, which includes sales to North American consumers through Coach-branded stores (including the Internet) and sales to wholesale customers; International segment, which includes sales to consumers through Coach-branded stores (including the Internet) and concession shop-in-shops in Japan and mainland China, Coach-operated stores and concession shop-in-shops in Hong Kong, Macau, Singapore, Taiwan, Malaysia, South Korea, the United Kingdom, France, Ireland, Spain, Portugal, Germany, Italy, Belgium and the Netherlands, as well as sales to wholesale customers and distributors in approximately 45 countries, and Other segment, which consists of sales and expenses generated by the Coach brand in other ancillary channels, including licensing and disposition. Its product offerings include watches, footwear, scarves and jewelry.

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