Tapestry Inc’s recently made public 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 $30.52 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 $3.66 million.
A number of analysts have revised their coverage, including Barclays’s analysts, who increased its forecast for the stock in early January from “an Equal weight” to “an Overweight”. Jefferies also remained covering TPR and has increased its forecast on December 19, 2024 with a “Buy” recommendation from previously “Hold” rating.
Price Performance Review of TPR
On Friday, Tapestry Inc [NYSE:TPR] saw its stock fall -3.91% to $72.94. Over the last five days, the stock has lost -2.29%. Tapestry Inc shares have risen nearly 11.65% since the year began. Nevertheless, the stocks have risen 84.85% over the past one year. While a 52-week high of $76.49 was reached on 01/30/25, a 52-week low of $35.23 was recorded on 01/13/25. SMA at 50 days reached $65.57, while 200 days put it at $48.51.
Levels Of Support And Resistance For TPR Stock
The 24-hour chart illustrates a support level at 71.67, which if violated will result in even more drops to 70.41. On the upside, there is a resistance level at 74.70. A further resistance level may holdings at 76.47. The Relative Strength Index (RSI) on the 14-day chart is 60.74, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.39, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 31.15%. Stochastics %K at 83.59% 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 2025-01-15, dropping by -2.35 million shares to a total of 20.28 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 22.63 million shares. There was a decline of -11.59%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on November 15, 2024 when Telsey Advisory Group resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $67.
