Michael Kors Is in Season for Investors

2011 IPO star surges after strong earnings report

   

Coming public in mid-December, Michael Kors (NYSE:KORS) was one of the top IPOs of the year, spiking 21% on its first day of trading. KORS is the global luxury brand of its namesake designer, with product lines for apparel, handbags, shoes and watches.

Today, the stock got another boost, up almost 23% at midday to around $41.25 — almost double its $20 IPO price!