Luxury-apparel designer Michael Kors (KORS) jumps 24.2% on its trading debut on the NYSE after...

|About: Michael Kors Holdings (KORS)|By:, SA News Editor

Luxury-apparel designer Michael Kors (KORS) jumps 24.2% on its trading debut on the NYSE after it sells 47.2M shares at $20 each. However, with all the stock that was sold coming from insiders, the company won't benefit from any of the proceeds.