Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Tapestry Inc shares valued at $1,531,349 were purchased by Fraser Elizabeth on Oct 24 ’24. At $44.07 per share, Fraser Elizabeth acquired 34,746 shares.
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Also, Fraser Elizabeth purchased 65,350 shares, netting a total of over 2,958,671 in proceeds.
Before that, Dadlani Manesh had sold 2,500 shares from its account. In a trade valued at $105,575, the VP, Controller and PAO traded Tapestry Inc shares for $42.23 each. Upon closing the transaction, the insider’s holdings decreased to 2,500 shares, worth approximately $1.65 million.
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 drop of approximately -1.57%. Over the course of the year, Tapestry Inc shares have jumped approximately 20.81%. 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 $43.30, while a 200-day SMA reached $42.39. Nevertheless, trading volume fell to 2.74 million shares from 1.93 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 43.87, which, if violated, would cause prices to drop to 43.26. In the upper region, resistance lies at 44.79. The next price resistance is at 45.10. RSI (Relative Strength Index) is 49.88 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.91, which suggests the price will decrease in the coming days. Percent R is at 58.21%, indicating low price movement. Stochastics %K at buying indicates that the stock is to be held.
