Coach (COH) : Investors lapped up stocks on upticks to the tune of $16.52 million in the Tuesdays trading session. The trading value on downticks was comparatively at $10.21 million and the uptick to downtick ratio of 1.62 indicates continuous buying by the bulls. The net money flow into the stock was $6.31 million. The block trades were dominated by the bulls with a healthy 5.73, uptick to downtick ratio. Only $1.14 million worth of trades exchanged hands on downticks showing the reluctance of the large traders to part with their holdings. Upticks saw transactions worth $6.54 clearly indicating buying by large investors. The total money flow for block trades stood at $5.4 million, which is a positive for the stock in the long-term. Coach (COH) fell $0.4 during the day at $38.59, a drop of -1.03% over the previous days close. However, for the week, the stock is -0.82%, compared to the previous week.
Also, Major Brokerage house, Bank of America upgrades its ratings on Coach (NYSE:COH). According to the latest information available, the shares are now rated Neutral by the analysts at the agency. Previously, the analysts had a Underperform rating on the shares. The rating by the firm was issued on August 10, 2016.
Coach, Inc. has lost 4.65% in the last five trading days and dropped 11.21% in the last 4 weeks. Coach, Inc. has dropped 1.91% during the last 3-month period . Year-to-Date the stock performance stands at 19.95%.
Coach (NYSE:COH): The stock opened at $38.84 on Tuesday but the bulls could not build on the opening and the stock topped out at $38.96 for the day. The stock traded down to $38.47 during the day, due to lack of any buying support eventually closed down at $38.59 with a loss of -1.03% for the day. The stock had closed at $38.99 on the previous day. The total traded volume was 1,939,100 shares.
In a related news,The director of Coach Inc, Zeitlin Jide James sold 3,206 shares at $37.32 on June 14, 2016. The Insider selling transaction had a total value worth of $119,648. The Insider information was disclosed with 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.