1
Tapestry stock price closed at $28.83 while witnessing a loss of 1.77% during the last intraday trading session.
2
TPR stock price dropped roughly 34.30% since the beginning of August.
3
Tapestry Inc. is spending $8.5 Billion to buy Capri Holdings which fueled the bearish momentum.
Tapestry (TPR) stock price began its bullish rally at the start of May after the $37 support level was formed. The stock price surged approximately 20.40% from the support level and faced strong rejection near $45.
After the rejection, the TPR stock price fell and broke the $37 support level. The downfall was fueled by the news about Tapestry spending $8.5 Billion to acquire Capri Holding.
The quarter 4 earning report also catalyzed the momentum, which pushed prices further downward. TPR stock fell after reporting Q4 adjusted earnings per share of $0.95. weaker than the consensus estimate of $0.97. The retail company also forecasted the 2024 adjusted EPS
We współpracy z: https://www.thecoinrepublic.com/2023/09/23/tapestry-tpr-stock-is-this-good-time-to-buy-oversold-stock/
