In a filing, Tapestry Inc revealed its CEO and Brand President, Coach Kahn Todd unloaded Company’s shares for reported $1.8 million on Feb 26 ’25. In the deal valued at $85.41 per share,21,107 shares were sold. As a result of this transaction, Kahn Todd now holds 155,878 shares worth roughly $10.95 million.
Then, Kahn Todd sold 21,107 shares, generating $1,772,988 in total proceeds. Upon selling the shares at $84.00, the CEO and Brand President, Coach now owns 176,985 shares.
Before that, Leonard Todd Kahn bought 24,050 shares. Tapestry Inc shares valued at $2,020,922 were divested by the Officer at a price of $84.03 per share.
Redburn Atlantic upgraded its Tapestry Inc [TPR] rating to a Buy from a a Neutral in a research note published recently. Barclays also remained covering TPR and has increased its forecast on January 08, 2025 with a “an Overweight” recommendation from previously “an Equal weight” rating. Jefferies revised its rating on December 19, 2024. It rated TPR as “a Buy” which previously was an “a Hold”.
Price Performance Review of TPR
On Friday, Tapestry Inc [NYSE:TPR] saw its stock fall -3.44% to $70.25. Over the last five days, the stock has lost -3.93%. Tapestry Inc shares have risen nearly 7.53% since the year began. Nevertheless, the stocks have risen 54.70% over the past one year. While a 52-week high of $90.85 was reached on 02/18/25, a 52-week low of $35.23 was recorded on 01/13/25. SMA at 50 days reached $77.30, while 200 days put it at $55.75.
Levels Of Support And Resistance For TPR Stock
The 24-hour chart illustrates a support level at 68.95, which if violated will result in even more drops to 67.65. On the upside, there is a resistance level at 72.03. A further resistance level may holdings at 73.81. The Relative Strength Index (RSI) on the 14-day chart is 37.76, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 71.92%. Stochastics %K at 49.50% 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 2025-03-14, growing by 1.21 million shares to a total of 21.45 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 20.24 million shares. There was a rise of 5.65%, which implies that there is a positive sentiment for the stock.
