Michael Kors Holdings (KORS) Marked As A Dead Cat Bounce Stock

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Trade-Ideas LLC identified Michael Kors Holdings ( KORS) as a "dead cat bounce" (down big yesterday but up big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified Michael Kors Holdings as such a stock due to the following factors:

  • KORS has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $370.6 million.
  • KORS has traded 3.0 million shares today.
  • KORS is up 3.1% today.
  • KORS was down 5.9% yesterday.

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More details on KORS:

Michael Kors Holdings Limited is engaged in the design, marketing, distribution, and retailing of branded women's apparel and accessories, and men's apparel. The company operates in three segments: Retail, Wholesale, and Licensing. KORS has a PE ratio of 25.4. Currently there are 8 analysts that rate Michael Kors Holdings a buy, 2 analysts rate it a sell, and 7 rate it a hold.

The average volume for Michael Kors Holdings has been 3.3 million shares per day over the past 30 days. Michael Kors has a market cap of $16.7 billion and is part of the consumer goods sector and consumer non-durables industry. The stock has a beta of 1.97 and a short float of 3.5% with 1.73 days to cover. Shares are down 5.2% year-to-date as of the close of trading on Monday.

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