Tapestry Inc’s recent filing unveils that its CEO and Brand President, Coach Kahn Todd unloaded Company’s shares for reported $3.06 million on Nov 22 ’24. In the deal valued at $58.00 per share,52,829 shares were sold. As a result of this transaction, Kahn Todd now holds 418,379 shares worth roughly $26.86 million.
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Then, Kahn Todd sold 18,492 shares, generating $1,120,775 in total proceeds. Upon selling the shares at $60.61, the CEO and Brand President, Coach now owns 322,457 shares.
Before that, Howard David E sold 42,125 shares. Tapestry Inc shares valued at $2,483,197 were divested by the General Counsel & Secretary at a price of $58.95 per share. As a result of the transaction, Howard David E now holds 50,186 shares, worth roughly $3.22 million.
A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in mid November has reiterated a ‘”an Outperform”‘ rating for it. TD Cowen also remained covering TPR and has decreased its forecast on October 29, 2024 with a “Hold” recommendation from previously “Buy” rating. Telsey Advisory Group maintained its rating on March 06, 2024. It rated TPR as “an Outperform”.
Price Performance Review of TPR
On Monday, Tapestry Inc [NYSE:TPR] saw its stock jump 1.58% to $64.20. Over the last five days, the stock has gained 3.10%. Tapestry Inc shares have risen nearly 74.41% since the year began. Nevertheless, the stocks have risen 75.84% over the past one year. While a 52-week high of $65.30 was reached on 12/03/24, a 52-week low of $35.06 was recorded on 08/05/24. SMA at 50 days reached $53.26, while 200 days put it at $45.07.
Levels Of Support And Resistance For TPR Stock
The 24-hour chart illustrates a support level at 63.49, which if violated will result in even more drops to 62.79. On the upside, there is a resistance level at 65.03. A further resistance level may holdings at 65.86. The Relative Strength Index (RSI) on the 14-day chart is 69.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.27, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 22.64%. Stochastics %K at 62.85% 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 2024-11-29, growing by 17.65 million shares to a total of 22.73 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 5.07 million shares. There was a rise of 77.68%, which implies that there is a positive sentiment for the stock.
