GT Advanced Soars Higher after Short Interest Comments; Michael Kors Drops Despite Blow Out Quarter And Analyst Buy Ratings

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05/30/2014 [ACCESSWIRE]

GT Advanced Technologies Inc. (NASDAQ: GTAT) shares closed up about 5% on Thursday with around 8.2 million shares traded. The stock was one of the most active stocks on the NASDAQ. The company was featured in a “short interest” article.

GT Advanced Technologies Inc., a technology company, provides materials and equipment for the solar, light emitting diode (LED), and electronics industries worldwide. The company operates through three segments: Sapphire, Polysilicon, and Photovoltaic (PV). The Sapphire segment provides advanced sapphire crystallization furnace systems used to produce sapphire boules; and sapphire materials for a range of other industrial and consumer applications, including medical devices, dental, oil and gas, and watch crystals.

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Michael Kors Holdings Limited (NYSE: KORS) shares closed down nearly 5% with over 7.8 million shares trade on Thursday. The drop came despite the fact that Michael Kors boosted guidance and announced another great quarter this week. The company posted fiscal fourth-quarter earnings up 63 percent on sales growth of nearly 54 percent. Also at least four analysts urged investors to buy Kors on Thursday.

Michael Kors Holdings Limited engages in the design, marketing, distribution, and retailing of branded women’s apparel and accessories, and men’s apparel. The company operates in three segments: Retail, Wholesale, and Licensing. The Retail segment is involved in the sale of women’s apparel; accessories, which include handbags and small leather goods, such as wallets; footwear; and licensed products comprising watches, fragrances, and eyewear. As of March 30, 2013, it had 231 retail stores, including concessions in North America; and 73 international retail stores, including concessions in Europe and Japan.

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