In a filing, Tapestry Inc revealed 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 $27.56 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 $3.31 million.
Jefferies upgraded its Tapestry Inc [TPR] rating to a Buy from a a Hold in a research note published on December 19, 2024; the price target was increased to $80 from $50. Telsey Advisory Group also remained covering TPR and reiterated its “an Outperform” recommendation on November 15, 2024. TD Cowen revised its rating on October 29, 2024. It rated TPR as “a Hold” which previously was an “a Buy”.
Price Performance Review of TPR
On Friday, Tapestry Inc [NYSE:TPR] saw its stock fall -0.47% to $65.87. Over the last five days, the stock has gained 5.12%. Tapestry Inc shares have risen nearly 78.95% since the year began. Nevertheless, the stocks have risen 76.12% over the past one year. While a 52-week high of $66.30 was reached on 12/27/24, a 52-week low of $35.23 was recorded on 08/05/24. SMA at 50 days reached $56.32, while 200 days put it at $45.75.
Levels Of Support And Resistance For TPR Stock
The 24-hour chart illustrates a support level at 65.45, which if violated will result in even more drops to 65.03. On the upside, there is a resistance level at 66.38. A further resistance level may holdings at 66.89. The Relative Strength Index (RSI) on the 14-day chart is 68.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.23, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.15%. Stochastics %K at 95.51% 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 2024-12-13, growing by 16.42 million shares to a total of 22.63 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 6.22 million shares. There was a rise of 72.53%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on March 06, 2024 when Telsey Advisory Group resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $54.
