Large Inflow of Money Detected in Coach

Coach (COH) : The money flow analysis of Coach (COH) indicates a $11.04 million of outflow was on downticks, whereas, the investors on Wednesday gobbled up stocks worth $13.9 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 1.26 and so was the total money flow at $2.86 million. A solid up-down ratio of 2.04 in block trades indicates that the investors are accumulating the stock on weakness. The bulls lapped up $3.04 million worth of block trades on upticks. Only $1.49 million worth of the stock exchanged hands on downticks. The money flow was $1.55 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of Coach (COH), pushing it down by -0.55% for the day. The stock slid $0.24 and traded at $43.04 during the day. Nonetheless, the stock is 1.75% over the previous weeks close.


Also, Stifel Nicolaus assumes their rating on the shares of Coach (NYSE:COH). The current rating of the shares is Hold. The rating by the firm was issued on May 17, 2016.

Coach (NYSE:COH): The stock opened at $43.27 on Wednesday but the bulls could not build on the opening and the stock topped out at $43.28 for the day. The stock traded down to $42.98 during the day, due to lack of any buying support eventually closed down at $43.04 with a loss of -0.55% for the day. The stock had closed at $43.28 on the previous day. The total traded volume was 1,738,256 shares.

The stock has recorded a 20-day Moving Average of 5.4% and the 50-Day Moving Average is 9.03%. In a related news, The director, of Coach Inc, Zeitlin Jide James had unloaded 3,206 shares at $37.32 per share in a transaction on June 14, 2016. The total value of transaction was $119,648. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

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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