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Michael Kors Holdings (KORS) Catches Eye: Stock Jumps 5.4%

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Michael Kors Holdings Limited was a big mover last session, as the company saw its shares rise above 5% on the day. The move came on solid volume with far more shares changing hands than in a normal session amid speculations of the company’s proposed takeover. This breaks the recent trend of the company since Sep 26, as the stock is now trading above the volatile price range of $45.65 to $48.24.

In the last 30 days, the company has seen no estimate revision but the Zacks Consensus Estimate moved higher, suggesting that more solid trading could be ahead for Michael Kors Holdings. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.      

Michael Kors Holdings currently carries a Zacks Rank #2 (Buy), while its Earnings ESP is negative.

Another well-ranked Textile-Apparel stock is Ralph Lauren Corporation (RL - Free Report) , which has the same Zacks Rank as Michael Kors Holdings. 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

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