As this happened, Guggenheim upgraded its Capri Holdings Ltd [CPRI] rating to a Buy from a a Neutral in a research note published recently. Telsey Advisory Group also remained covering CPRI and reiterated its “Market perform” recommendation on November 15, 2024. Telsey Advisory Group maintained its rating on October 25, 2024. It rated CPRI as “a Market perform”.
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Price Performance Review of CPRI
On Tuesday, Capri Holdings Ltd [NYSE:CPRI] saw its stock fall -2.22% to $22.86. Over the last five days, the stock has gained 6.13%. Capri Holdings Ltd shares have fallen nearly -54.50% since the year began. Nevertheless, the stocks have fallen -52.79% over the past one year. While a 52-week high of $51.23 was reached on 01/11/24, a 52-week low of $18.70 was recorded on 11/14/24. SMA at 50 days reached $30.56, while 200 days put it at $35.72.
Levels Of Support And Resistance For CPRI Stock
The 24-hour chart illustrates a support level at 22.43, which if violated will result in even more drops to 22.01. On the upside, there is a resistance level at 23.36. A further resistance level may holdings at 23.87. The Relative Strength Index (RSI) on the 14-day chart is 43.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.82, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 20.76%. Stochastics %K at 86.03% indicates the stock is a selling.
How much short interest is there in Capri Holdings Ltd?
A steep rise in short interest was recorded in Capri Holdings Ltd stocks on 2024-11-15, growing by 0.34 million shares to a total of 8.83 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 8.49 million shares. There was a rise of 3.83%, which implies that there is a positive sentiment for the stock.
