Kate Spade & Company (KATE) : Tuesdays money flow points at investors jumping to buy the stock on the weakness of price. $12.63 million worth of transactions were on upticks, whereas, the downticks accounted for $5.82 million worth of transactions. The net money flow was a positive $6.8 million and the uptick to downtick ratio was 2.17. However, the block trades showed a clear dominance of the bulls with a very healthy ratio of 10.97 in their favor. The net money flow into the stock was $6.42 million. The value of block trades done on downticks was only $0.64 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $7.06 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Kate Spade & Company (KATE) was trading at $21.33, down $0.1 during day. The stock slid -0.47% over the previous days close. For the week, the stock recorded 1.38% over the previous weeks close.
The company Insiders own 0.82% of Kate Spade & Company shares according to the proxy statements.
Shares of Kate Spade & Company rose by 8.49% in the last five trading days and 6.35% for the last 4 weeks. Kate Spade & Company has dropped 8.71% during the last 3-month period . Year-to-Date the stock performance stands at 21.5%.
Kate Spade & Company (NYSE:KATE): stock turned positive on Tuesday. Though the stock opened at $21.74, the bulls momentum made the stock top out at $22.095 level for the day. The stock recorded a low of $21.58 and closed the trading day at $21.59, in the green by 1.22%. The total traded volume for the day was 3,529,305. The stock had closed at $21.33 in the previous days trading.
Kate Spade & Company is engaged in the design and marketing of a range of accessories and apparel. The Company operates through three segments: KATE SPADE North America, KATE SPADE International and Adelington Design Group. KATE SPADE North America segment consists of the Companys kate spade new york, KATE SPADE SATURDAY and JACK SPADE brands in North America. KATE SPADE International segment consists of the Companys kate spade new york, KATE SPADE SATURDAY and JACK SPADE brands in International markets. Adelington Design Group segment consists of exclusive arrangements to supply jewelry for the LIZ CLAIBORNE and MONET brands; the wholesale apparel and wholesale non-apparel operations of the licensed LIZWEAR brand and other brands, and the licensed LIZ CLAIBORNE NEW YORK brand. The Company operates specialty retail stores, outlet stores and concession stores.