Coach Inc. Is Climbing On Repurchase News

Mon. August 25, 2008; Posted: 05:19 PM

(RTTNews) - Coach Inc. (COH | Quote | Chart | News | PowerRating) announced after the bell Monday that its Board of Directors authorized the repurchase of up to $1 billion of its outstanding common stock by June 26, 2010. The stock is now trading higher by 0.55 on 255K shares.

Coach Inc. dropped in early trade Monday morning and slipped further around noon, to close down by 1.93 at $26.40 on above average volume. The stock fell to nearly a 3-week low.

For full details on Coach Inc (COH) click here. Coach Inc (COH) has Short Term PowerRatings of 4. Details on Coach Inc (COH) Short Term PowerRatings is available at This Link.

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