Tapestry Inc’s filing revealed that its VP, Controller and PAO Dadlani Manesh unloaded Company’s shares for reported $0.51 million on Nov 15 ’24. In the deal valued at $57.96 per share,8,872 shares were sold. As a result of this transaction, Dadlani Manesh now holds 35,003 shares worth roughly $1.98 million.
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Then, Fraser Elizabeth bought 25,985 shares, generating $1,270,508 in total proceeds.
Before that, Fraser Elizabeth bought 34,746 shares. Tapestry Inc shares valued at $1,531,349 were divested by the Former Officer at a price of $44.07 per share.
Telsey Advisory Group reiterated its Tapestry Inc [TPR] rating to an Outperform in a research note published on November 15, 2024; the price target was $67. A number of analysts have revised their coverage, including TD Cowen’s analysts, who decreased its forecast for the stock in late October from “a Buy” to “a Hold”. Telsey Advisory Group also remained covering TPR and reiterated its “an Outperform” recommendation on March 06, 2024. Jefferies revised its rating on February 29, 2024. It rated TPR as “a Hold” which previously was an “a Buy”.
Price Performance Review of TPR
On Monday, Tapestry Inc [NYSE:TPR] saw its stock fall -1.19% to $56.55. Over the last five days, the stock has gained 9.76%. Tapestry Inc shares have risen nearly 53.63% since the year began. Nevertheless, the stocks have risen 87.87% over the past one year. While a 52-week high of $58.49 was reached on 11/14/24, a 52-week low of $29.83 was recorded on 08/05/24. SMA at 50 days reached $46.85, while 200 days put it at $43.52.
Levels Of Support And Resistance For TPR Stock
The 24-hour chart illustrates a support level at 56.06, which if violated will result in even more drops to 55.58. On the upside, there is a resistance level at 57.16. A further resistance level may holdings at 57.78. The Relative Strength Index (RSI) on the 14-day chart is 72.32, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.78, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 16.55%. Stochastics %K at 88.99% indicates the stock is a selling.
How much short interest is there in Tapestry Inc?
A steep rise in short interest was recorded in Tapestry Inc stocks on 2024-10-31, growing by 0.64 million shares to a total of 5.07 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 4.44 million shares. There was a rise of 12.52%, which implies that there is a positive sentiment for the stock.
