Following these proceedings, BMO Capital Markets upgraded its Capri Holdings Ltd [CPRI] rating to an Outperform from a a Market perform in a research note published on January 06, 2025; the price target was increased to $31 from $25. A number of analysts have revised their coverage, including Guggenheim’s analysts, who increased its forecast for the stock in late November from “a Neutral” to “a Buy”. Telsey Advisory Group maintained its rating on November 15, 2024. It rated CPRI as “a Market perform”.
Price Performance Review of CPRI
On Tuesday, Capri Holdings Ltd [NYSE:CPRI] saw its stock fall -1.96% to $21.46. Over the last five days, the stock has gained 4.58%. Capri Holdings Ltd shares have risen nearly 1.90% since the year began. Nevertheless, the stocks have fallen -57.66% over the past one year. While a 52-week high of $51.23 was reached on 01/07/25, a 52-week low of $18.70 was recorded on 01/03/25. SMA at 50 days reached $21.22, while 200 days put it at $32.87.
Levels Of Support And Resistance For CPRI Stock
The 24-hour chart illustrates a support level at 21.08, which if violated will result in even more drops to 20.71. On the upside, there is a resistance level at 22.04. A further resistance level may holdings at 22.63. The Relative Strength Index (RSI) on the 14-day chart is 47.33, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 49.07%. Stochastics %K at 38.87% indicates the stock is a holding.
How much short interest is there in Capri Holdings Ltd?
A steep rise in short interest was recorded in Capri Holdings Ltd stocks on 2024-12-13, growing by 0.29 million shares to a total of 9.12 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 8.83 million shares. There was a rise of 3.14%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on October 25, 2024 when Telsey Advisory Group resumed its ‘”a Market perform”‘ rating for the stock and retained the price target to $26.
