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

Michael Kors Holdings Limited (NYSE:KORS) traded higher in the last at $50.39, gaining 0.35 points or 0.7%. From the data available, it can be said that the stock did not make an impact in the money flow department with the net figure coming to be $(-1.52) million. The composite uptick value of $13.7 million was eclipsed by the accrued downtick value of $15.22 million, thereby ensuring the up/down ratio of 0.9. For the week, the shares have posted returns of 0.84%.A block trade registered during the day has revealed $3.21 million in upticks and $3.07 million in downticks. The up/down ratio in this case turned out to be 1.05. The net money flow for the block trade was $(0.14) million.


The stock has recorded a 20-day Moving Average of 7.5% and the 50-Day Moving Average is 4.6%. The company shares have rallied 6.92% in the past 52 Weeks. On March 14, 2016 The shares registered one year high of $59.49 and one year low was seen on January 20, 2016 at $34.83. The 50-day moving average is $46.76 and the 200 day moving average is recorded at $48.11. S&P 500 has rallied 1.93% during the last 52-weeks.

Michael Kors Holdings Limited (NYSE:KORS): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $50.33 and $49.89 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $50.74. The buying momentum continued till the end and the stock did not give up its gains. It closed at $50.66, notching a gain of 1.24% for the day. The total traded volume was 2,973,080 . The stock had closed at $50.04 on the previous day.

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, The Securities and Exchange Commission has divulged that Robinson Cathy Marie, officer (SVP, Corp Str & Ch Ops Off) of Michael Kors Holdings Ltd, had unloaded 759 shares at an average price of $49.89 in a transaction dated on June 17, 2016. The total value of the transaction was worth $37,867.

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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