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Coach Inc (NYSE:COH) shares are trading higher by $3.76 (10 percent) at $42.50 in Tuesday's session.
Before the open, the company reported a mixed Q3 report: EPS beat of $0.02 with a $52 million sales miss. The company maintained FY 2017 sales guidance.
After a much higher open, Coach's stock had a brief $0.33 retreat to $40.88 before continuing its move higher. So far, the ensuing rally has taken it to $42.67 as of 10:19 a.m. and isn't far off that high. That marks the highest level for the issue since it peaked on August 2 at $43.40.
Today's price action is taking place on much heaver than average volume. With just under six hours remaining, 5.2 million shares have traded compared to its 20-day average volume of 3.1 million.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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