Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Tapestry Inc shares valued at $3,064,292 were sold by Kahn Todd on Nov 22 ’24. At $58.00 per share, Kahn Todd sold 52,829 shares. The insider’s holdings dropped to 418,379 shares worth approximately $27.31 million following the completion of this transaction.
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Also, Kahn Todd sold 18,492 shares, netting a total of over 1,120,775 in proceeds. Following the sale of shares at $60.61 each, the insider now holds 322,457 shares.
Before that, Howard David E had sold 42,125 shares from its account. In a trade valued at $2,483,197, the General Counsel & Secretary traded Tapestry Inc shares for $58.95 each. Upon closing the transaction, the insider’s holdings decreased to 42,125 shares, worth approximately $3.28 million.
As published in a research note from Jefferies on December 19, 2024, Tapestry Inc [TPR] has been rated up from a Hold to a Buy and the price target has been revised to $80 from $50. As of November 15, 2024, Telsey Advisory Group has reiterated its “an Outperform” rating for TPR. Earlier on October 29, 2024, TD Cowen downgraded its rating. Their new recommendation was “a Hold” for TPR stock which previously was a “a Buy”.
Analyzing TPR Stock Performance
During the last five days, there has been a surge of approximately 2.30%. Over the course of the year, Tapestry Inc shares have jumped approximately 77.34%. Shares of the company reached a 52-week high of $65.30 on 12/03/24 and a 52-week low of $35.23 on 08/05/24. A 50-day SMA is recorded $55.50, while a 200-day SMA reached $45.57. Nevertheless, trading volume fell to 1.4 million shares from 4.53 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 64.85, which, if violated, would cause prices to drop to 64.43. In the upper region, resistance lies at 65.49. The next price resistance is at 65.71. RSI (Relative Strength Index) is 68.09 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.62, which suggests the price will increase in the coming days. Percent R is at 0.00%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
