Coach (COH) Shares are Up 2.49%

Coach (COH) has been under a strong bear grip, hence the stock is down -6.46% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.52% in the past 1 week. The stock has risen by 2.49% in the past week indicating that the buyers are active at lower levels, but the stock is down -6.1% in the past 4 weeks.

Coach, Inc. is up 3.91% in the last 3-month period. Year-to-Date the stock performance stands at 25.3%. The stock has recorded a 20-day Moving Average of 2.55% and the 50-Day Moving Average is 1.02%.


Coach (NYSE:COH): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $39.47 and $39.44 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $40.40. The buying momentum continued till the end and the stock did not give up its gains. It closed at $40.31, notching a gain of 2.15% for the day. The total traded volume was 4,848,747 . The stock had closed at $39.46 on the previous day.

Also, Equity analysts at the Brokerage firm Bank of America upgrades its rating on Coach (NYSE:COH). The rating major has initiated the coverage with neutral rating on the shares. Earlier, the shares were rated a Underperform by the brokerage firm. The rating by the firm was issued on August 10, 2016.

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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