Coach Inc. Rallies Off Q3 EPS Beat

Coach Inc.

shares are trading higher by $1.44 at $31.76 in Tuesday's session. The catalyst for the rally is a penny beat for EPS on slightly lower revenue. After nearly a $2 higher open, the issue rallied to $33.08 before reversing course. The current high coinicdes with its August 18 high ($33.14) and just below its August 7 ($33.40) and August 8 ($33.35) highs.