Following these proceedings, Wells Fargo upgraded its Capri Holdings Ltd [CPRI] rating to an Overweight from a an Equal weight in a research note published on January 10, 2025; the price target was increased to $28 from $20. A number of analysts have revised their coverage, including Citigroup’s analysts, who increased its forecast for the stock in early January from “a Neutral” to “a Buy”. BMO Capital Markets also remained covering CPRI and has increased its forecast on January 06, 2025 with a “an Outperform” recommendation from previously “Market perform” rating. Guggenheim revised its rating on November 26, 2024. It rated CPRI as “a Buy” which previously was an “a Neutral”.
Price Performance Review of CPRI
On Friday, Capri Holdings Ltd [NYSE:CPRI] saw its stock jump 0.17% to $23.82. Over the last five days, the stock has gained 0.46%. Capri Holdings Ltd shares have risen nearly 13.11% since the year began. Nevertheless, the stocks have fallen -52.96% over the past one year. While a 52-week high of $50.79 was reached on 01/17/25, a 52-week low of $18.70 was recorded on 01/03/25. SMA at 50 days reached $21.63, while 200 days put it at $32.11.
Levels Of Support And Resistance For CPRI Stock
The 24-hour chart illustrates a support level at 23.53, which if violated will result in even more drops to 23.25. On the upside, there is a resistance level at 24.32. A further resistance level may holdings at 24.83. The Relative Strength Index (RSI) on the 14-day chart is 60.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.39, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 16.18%. Stochastics %K at 82.83% indicates the stock is a selling.
How much short interest is there in Capri Holdings Ltd?
A steep rise in short interest was recorded in Capri Holdings Ltd stocks on 2024-12-31, growing by 0.62 million shares to a total of 10.11 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 9.48 million shares. There was a rise of 6.18%, which implies that there is a positive sentiment for the stock.
