Time New York: Thu 23 Nov 00:37 am  |  Save 15% on H&R Block Online

  
caticonslite_bm_alt

Michael Kors (KORS) Soars: Stock Adds 14.7% in Session

Zacks

Michael Kors Holdings Limited KORS was a big mover last session, as the company saw its shares rise nearly 15% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $47.00 to $49.95 in the past one-month time frame.

The move came after the company reported better-than-expected second-quarter fiscal 2018 results.

The company has seen a mixed track record when it comes to estimate revisions of two increase and no decrease over the past few weeks, while the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Michael Kors currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.


A better-ranked stock in the Textile – Apparel industry is Ralph Lauren Corporation RL, holding a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Is KORS going up? Or down? Predict to see what others think:Up or Down

Zacks' Hidden Trades

While we share many recommendations and ideas with the public, certain moves are hidden from everyone but selected members of our portfolio services. Would you like to peek behind the curtain today and view them?

Starting now, for the next month, I invite you to follow all Zacks' private buys and sells in real time from value to momentum…from stocks under $10 to ETF to option movers…from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors.

Click here for Zacks' secret trade>>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

To read this article on Zacks.com click here.

Zacks Investment Research
<-- You can share this post with your network,
or give us your opinion and leave a comment.
Be sure to check our RSS feeds for updates.