$KATE is one of biggest losers #stocks today. read more:

Kate Spade & Company Common Sto (symbol: KATE) was one of the worst losers
of the trading day today (2016-08-03), losing -18.22%. The number of shares
that changed hands was 26,297,039, or about 11 times the average daily
volume in the stock.
The closing price was $16.47, amounting to a market cap of $2,110,000,000,
about -37.76% off the highest price in the last 12 months. The stock has
been trading at a range between $15.1 and $26.46.
KATE is in the Apparel industry, part of the Consumer Non-Durables sector.
Looking at its valuation, the stock is now trading at 25.38 times earnings.