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Analyzing Tapestry Inc (TPR) After Recent Trading Activity

In a filing, Tapestry Inc revealed its VP, Controller and PAO Dadlani Manesh unloaded Company’s shares for reported $0.11 million on May 24 ’24. In the deal valued at $42.23 per share,2,500 shares were sold. As a result of this transaction, Dadlani Manesh now holds 37,173 shares worth roughly $1.51 million.

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Telsey Advisory Group reiterated its Tapestry Inc [TPR] rating to an Outperform in a research note published on March 06, 2024; the price target was $54. A number of analysts have revised their coverage, including Jefferies’s analysts, who decreased its forecast for the stock in late February from “a Buy” to “a Hold”. Evercore ISI also remained covering TPR and has increased its forecast on February 05, 2024 with a “an Outperform” recommendation from previously “an In-line” rating.

Price Performance Review of TPR

On Tuesday, Tapestry Inc [NYSE:TPR] saw its stock fall -3.45% to $40.54. Over the last five days, the stock has lost -3.18%. Tapestry Inc shares have risen nearly 10.13% since the year began. Nevertheless, the stocks have fallen -5.28% over the past one year. While a 52-week high of $48.80 was reached on 02/23/24, a 52-week low of $25.99 was recorded on 01/18/24. SMA at 50 days reached $41.53, while 200 days put it at $37.97. A total of 2.43 million shares were traded, compared to the trading of 1.91 million shares in the previous session.

Levels Of Support And Resistance For TPR Stock

The 24-hour chart illustrates a support level at 39.95, which if violated will result in even more drops to 39.36. On the upside, there is a resistance level at 41.60. A further resistance level may holdings at 42.66. The Relative Strength Index (RSI) on the 14-day chart is 41.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.82%. Stochastics%K at 30.91% indicates the stock is a holding.

The most recent change occurred on November 07, 2023 when Evercore ISI began covering the stock and recommended ‘”an In-line”‘ rating along with a $30 price target.

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