Tapestry Inc’s recently made public that its Former Officer Fraser Elizabeth acquired Company’s shares for reported $1.53 million on Oct 24 ’24. In the deal valued at $44.07 per share,34,746 shares were bought.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, Fraser Elizabeth bought 65,350 shares, generating $2,958,671 in total proceeds.
Before that, Dadlani Manesh sold 2,500 shares. Tapestry Inc shares valued at $105,575 were divested by the VP, Controller and PAO at a price of $42.23 per share. As a result of the transaction, Dadlani Manesh now holds 37,173 shares, worth roughly $1.88 million.
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 -0.04% to $50.47. Over the last five days, the stock has gained 13.39%. Tapestry Inc shares have risen nearly 37.11% since the year began. Nevertheless, the stocks have risen 80.25% over the past one year. While a 52-week high of $51.58 was reached on 10/28/24, a 52-week low of $25.99 was recorded on 08/05/24. SMA at 50 days reached $43.73, while 200 days put it at $42.52.
Levels Of Support And Resistance For TPR Stock
The 24-hour chart illustrates a support level at 49.94, which if violated will result in even more drops to 49.41. On the upside, there is a resistance level at 51.48. A further resistance level may holdings at 52.49. The Relative Strength Index (RSI) on the 14-day chart is 72.85, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.87, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 16.76%. Stochastics %K at 70.72% 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 2024-10-15, dropping by -0.9 million shares to a total of 3.97 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 4.87 million shares. There was a decline of -22.67%, which implies that there is a negative 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.
