Tapestry Inc’s filing revealed 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 $27.93 million.
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 $3.35 million.
Barclays upgraded its Tapestry Inc [TPR] rating to an Overweight from a an Equal weight in a research note published on January 08, 2025; the price target was increased to $87 from $57. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in mid December from “a Hold” to “a Buy”. Telsey Advisory Group maintained its rating on November 15, 2024. It rated TPR as “an Outperform”.
Price Performance Review of TPR
On Monday, Tapestry Inc [NYSE:TPR] saw its stock fall -0.60% to $66.75. Over the last five days, the stock has lost -0.03%. Tapestry Inc shares have risen nearly 2.17% since the year began. Nevertheless, the stocks have risen 78.05% over the past one year. While a 52-week high of $69.09 was reached on 01/07/25, a 52-week low of $35.23 was recorded on 01/13/25. SMA at 50 days reached $60.01, while 200 days put it at $46.65.
Levels Of Support And Resistance For TPR Stock
The 24-hour chart illustrates a support level at 65.62, which if violated will result in even more drops to 64.49. On the upside, there is a resistance level at 67.35. A further resistance level may holdings at 67.95. The Relative Strength Index (RSI) on the 14-day chart is 62.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.25, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 33.62%. Stochastics %K at 76.86% 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 2024-12-31, dropping by -0.53 million shares to a total of 22.19 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 22.73 million shares. There was a decline of -2.4%, which implies that there is a negative sentiment for the stock.
