In a filing, Tapestry Inc revealed its Former Officer Fraser Elizabeth acquired Company’s shares for reported $2.96 million on Sep 24 ’24. In the deal valued at $45.27 per share,65,350 shares were bought.
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Then, Dadlani Manesh sold 2,500 shares, generating $105,575 in total proceeds. Upon selling the shares at $42.23, the VP, Controller and PAO now owns 37,173 shares.
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 Monday, Tapestry Inc [NYSE:TPR] saw its stock fall -1.42% to $44.51. Over the last five days, the stock has lost -2.37%. Tapestry Inc shares have risen nearly 20.92% since the year began. Nevertheless, the stocks have risen 56.62% 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 08/05/24. SMA at 50 days reached $42.94, while 200 days put it at $42.30.
Levels Of Support And Resistance For TPR Stock
The 24-hour chart illustrates a support level at 44.09, which if violated will result in even more drops to 43.66. On the upside, there is a resistance level at 45.21. A further resistance level may holdings at 45.90. The Relative Strength Index (RSI) on the 14-day chart is 49.26, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.38, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.49%. Stochastics %K at 20.15% indicates the stock is a holding.
How much short interest is there in Tapestry Inc?
A steep rise in short interest was recorded in Tapestry Inc stocks on 2024-09-30, growing by 0.84 million shares to a total of 4.44 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 3.59 million shares. There was a rise of 19.02%, which implies that there is a positive sentiment for the stock.
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.
