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Michael Kors (KORS) -4.7% AH after announcing insiders plan to sell 20M shares (10.3% of...

  • Friday, September 7, 2012, 4:47 PM ET
    Michael Kors (KORS) -4.7% AH after announcing insiders plan to sell 20M shares (10.3% of outstanding shares) through a secondary offering. The high-end apparel retailer, which made new highs today, already saw its IPO lockup expire in June. (PR) (Wednesday)
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    The last secondary offer took the stock from its $50.00 high to the high 30s. Will it happen again. Once again at the top theres an announcement of a secondary. For the bulls following KORS the last
    7 point up mpve is froth. Then the gap may be closed below the 47.53 low on August 16.
    8 Sep 2012, 01:09 AM Reply Like
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