Coach, Inc. (COH) failed to extend gains with the stock declining -1.06% or $-0.38 to close the day at $35.35 on lower than average trading volume of 2.5M shares, compared to its three month average trading volume of 3.31M. The New York New York 10001 based company has been outperforming the textile – apparel footwear & accessories companies by 2.2124% for last three months and its recent gains have pushed the stock slightly up 0.94% YTD, versus the textile – apparel footwear & accessories industry which is up 3.69% for the same period. The RSI of 46.34 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.
Coach, Inc. provides luxury accessories and lifestyle brands. It offers handbags, money pieces, wristlets and cosmetic cases, key rings, and charms for women; and business cases, computer bags, messenger-style bags, backpacks, totes, wallets, card cases, belts, time management, electronic accessories, and ready-to-wear for men. The company also provides footwear; seasonal lifestyle apparel collections, including outerwear and ready-to-wear, and cold weather accessories, such as gloves, scarves, and hats; jewelry consisting of bracelets, necklaces, rings, and earrings made with sterling silver, leather, and non-precious metals; sunglasses; watches; and fragrances comprising eau de perfume sprays, eau de toilette sprays, purse sprays, and body lotions. In addition, it offers weekend and travel accessories, travel bags, and other lifestyle products. Further, the company holds licensing rights to market and distribute footwear, eyewear, watches, and fragrances under the Coach brand name. It markets its products to consumers through a network of company-operated stores, including Internet in North America; and Coach-operated stores and concession shop-in-shops in Japan, Mainland China, Hong Kong, Macau, Singapore, Taiwan, Malaysia, South Korea, the United Kingdom, France, Ireland, Spain, Portugal, Germany, Italy, Austria, Belgium, the Netherlands, and Switzerland. The company also sells its products to wholesale customers and distributors in approximately 55 countries. As of July 2, 2016, it operated 228 Coach retail stores and 204 Coach outlet leased stores; and 522 Coach-operated concession shop-in-shops within department stores, retail, and outlet stores, as well as 75 Stuart Weitzman stores. Coach, Inc. was founded in 1941 and is headquartered in New York, New York.
Discovery Communications, Inc. (DISCA) had a light trading with around 2.5M shares changing hands compared to its three month average trading volume of 3.15M. The stock traded at the price of $28.01 with 0.72% change on the day. The Silver Spring Maryland 20910 based company is currently trading 18.39% above its 52 week low of $23.66 and -5.85% below its 52 week high of $29.75. Both the RSI indicator and target price of 53.41 and $27.71 respectively, lead us to believe that it should be put on hold over the coming weeks.
Discovery Communications, Inc. operates as a media company worldwide. It operates through U.S. Networks; International Networks; and Education and Other segments. The company owns and operates various television networks under the Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science, Velocity, Discovery Family, American Heroes, Destination America, Discovery Life, Oprah Winfrey Network, Eurosport, DMAX, and Discovery Kids brands. Its content spans genres, including survival, exploration, sports, lifestyle, general entertainment, heroes, adventure, crime and investigation, health, and kids. The company also develops and sells curriculum-based education products and services comprising online suite of curriculum-based VOD tools, professional development services, and digital textbooks, as well as student assessments; and publishes hard copy curriculum-based content for K-12 schools. In addition, it operates production studios that develop content for television service providers, as well as Websites. The company provides content through various distribution platforms, including pay-TV, free-to-air and broadcast television, digital distribution arrangements, and content licensing agreements, as well as various platforms, such as brand-aligned Websites, Web-native networks, on-line streaming, mobile devices, video on demand (VOD), and broadband channels. As of December 31, 2015, it operated approximately 380 distribution feeds in 40 languages internationally. The company is headquartered in Silver Spring, Maryland.
MannKind Corporation (MNKD) opening the day at $0.67. The company has seen its stock increase in value by 5.28% so far this year. The stock was down close to -1.43% on light volume in last trading session and closed at $0.67 per share. After the recent fall, the stock is currently holding -70.08% below its 52 week high of $2.24 and 63.49% above its 12-month low of $0.41. The shares are up by over 42.95% in the last three months, and the RSI indicator value of 51.92 is neither bullish nor bearish, tempting investors to stay on the sidelines.
MannKind Corporation, a biopharmaceutical company, focuses on the discovery, development, and commercialization of therapeutic products for diabetes patients in the United States. Its approved product is AFREZZA, a rapid-acting, inhaled insulin used to control high blood sugar in adults with type 1 and type 2 diabetes. MannKind Corporation has license and collaboration agreement with Sanofi-Aventis Deutschland GmbH for the development of AFREZZA. The company was founded in 1991 and is headquartered in Valencia, California.