The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Tapestry Inc shares valued at $2,958,671 were purchased by Fraser Elizabeth on Sep 24 ’24. At $45.27 per share, Fraser Elizabeth acquired 65,350 shares.
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Also, Dadlani Manesh sold 2,500 shares, netting a total of over 105,575 in proceeds. Following the sale of shares at $42.23 each, the insider now holds 37,173 shares.
As published in a research note from Telsey Advisory Group on March 06, 2024, Tapestry Inc [TPR] has been retained to an Outperform and the price target has been revised to $54. Analysts at Jefferies downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in late February. As of February 05, 2024, Evercore ISI has increased its “an In-line” rating to a “an Outperform” for TPR.
Analyzing TPR Stock Performance
During the last five days, there has been a surge of approximately 1.45%. Over the course of the year, Tapestry Inc shares have jumped approximately 23.50%. Shares of the company reached a 52-week high of $48.80 on 02/23/24 and a 52-week low of $35.23 on 08/05/24. A 50-day SMA is recorded $42.49, while a 200-day SMA reached $42.18. Nevertheless, trading volume fell to 1.67 million shares from 2.98 million shares the previous day.
Support And Resistance Levels for Tapestry Inc (TPR)
According to the 24-hour chart, there is a support level at 45.16, which, if violated, would cause prices to drop to 44.86. In the upper region, resistance lies at 45.81. The next price resistance is at 46.16. RSI (Relative Strength Index) is 56.33 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.37, which suggests the price will decrease in the coming days. Percent R is at 70.19%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
