The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Tapestry Inc shares valued at $1,802,749 were sold by Kahn Todd on Feb 26 ’25. At $85.41 per share, Kahn Todd sold 21,107 shares. The insider’s holdings dropped to 155,878 shares worth approximately $11.46 million following the completion of this transaction.
Also, Kahn Todd sold 21,107 shares, netting a total of over 1,772,988 in proceeds. Following the sale of shares at $84.00 each, the insider now holds 176,985 shares.
Before that, Leonard Todd Kahn had added 24,050 shares to its account. In a trade valued at $2,020,922, the Officer bought Tapestry Inc shares for $84.03 each.
As published in a research note from Redburn Atlantic on February 18, 2025, Tapestry Inc [TPR] has been rated up from a Neutral to a Buy and the price target has been revised to $110. As of January 08, 2025, Barclays has increased its “an Equal weight” rating to a “an Overweight” for TPR. Earlier on December 19, 2024, Jefferies upgraded its rating. Their new recommendation was “a Buy” for TPR stock which previously was a “a Hold”.
Analyzing TPR Stock Performance
During the last five days, there has been a surge of approximately 2.52%. Over the course of the year, Tapestry Inc shares have jumped approximately 12.51%. Shares of the company reached a 52-week high of $90.85 on 02/18/25 and a 52-week low of $65.09 on 01/13/25. A 50-day SMA is recorded $76.50, while a 200-day SMA reached $54.71.
Support And Resistance Levels for Tapestry Inc (TPR)
According to the 24-hour chart, there is a support level at 71.43, which, if violated, would cause prices to drop to 69.37. In the upper region, resistance lies at 74.96. The next price resistance is at 76.43. RSI (Relative Strength Index) is 43.40 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.45, which suggests the price will decrease in the coming days. Percent R is at 71.56%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
