Large Outflow of Money Witnessed in Michael Kors Holdings Limited

Michael Kors Holdings Limited (KORS) : The total negative money flow of $3.86 million on Friday indicates selling on strength. The inflow of money on upticks was $11.68 million, compared to $15.54 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.75. The negative money flow of $0.99 million in block trades reveals that the informed traders sold the stock on every bit of price strength.The transaction value of block trade on downtick was $0.99 million. The price action in the Michael Kors Holdings Limited (KORS) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $51.43 with a gain of $0.08 , a change of 0.16% over the previous days close. The stock registered -0.41% for the week.


Michael Kors Holdings Limited (KORS) stock is expected to deviate a maximum of $9.13 from the average target price of $55.47 for the short term period. 15 Street Experts have initiated coverage on the stock with the most promising target being $75 and the most muted being $45.

Michael Kors Holdings Limited (NYSE:KORS): stock turned positive on Friday. Though the stock opened at $51.22, the bulls momentum made the stock top out at $51.6 level for the day. The stock recorded a low of $50.45 and closed the trading day at $51.44, in the green by 0.18%. The total traded volume for the day was 1,903,073. The stock had closed at $51.35 in the previous days trading.

In a related news,The officer (SVP, Corp Str & Ch Ops Off) of Michael Kors Holdings Ltd, Robinson Cathy Marie sold 759 shares at $49.89 on June 17, 2016. The Insider selling transaction had a total value worth of $37,867. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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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