Shares of Coach (COH) Rally 1.78%

Coach (COH) : Traders are bullish on Coach (COH) as it has outperformed the S&P 500 by a wide margin of 4.35% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.28%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.78% in the last 1 week, and is up 8.91% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 5.18% and the 50-Day Moving Average is 7.7%.

Coach (NYSE:COH): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $42.34 and $42.16 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $42.51. The buying momentum continued till the end and the stock did not give up its gains. It closed at $42.30, notching a gain of 0.28% for the day. The total traded volume was 2,084,823 . The stock had closed at $42.18 on the previous day.


The company Insiders own 0.64% of Coach shares according to the proxy statements. Institutional Investors own 87.74% of Coach shares. 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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