Tuesday, May 01, 2018 12:18:28 PM
Tapestry Inc (NYSE:TPR), formerly known as Coach Inc, is a leading design house of luxury and lifestyle collections. The company's brands include Coach, Kate Spade, and Stuart Weitzman. Earlier today, the company reported earnings and the stock is plunging lower on the news. Yesterday, the stock closed at $53.77 a share ahead of the earnings announcement. Today. TPR stock is trading at $47.35 a share which is a 12.0 percent decline. Traders should note that the stock is now trading below it's important 50 and 100-day moving averages. This is a very negative sign for the equity and likely indicates lower prices ahead. Traders and investors must now watch the $42.00 area as the next major support level. This is where the stock broke out of a bearish base in December 2017. Very often, when a stock back tests a major break out level it will be excellent support again.
Nicholas Santiago
InTheMoneyStocks
Recent TPR News
- Alphabet CEO’s Billion-Dollar Wealth, Microsoft’s $1.7B Indonesia Investment, and More News • IH Market News • 04/30/2024 11:58:40 AM
- Tapestry, Inc. to Host FY24 Third Quarter Earnings Call • Business Wire • 04/25/2024 10:45:00 AM
- Apple Loses Market Share in China, GM Surges in Pre-Market Following Upward Revisions for 2024 Projections, and More News • IH Market News • 04/23/2024 11:25:34 AM
- Tapestry, Inc. Responds to the FTC’s Lawsuit • Business Wire • 04/22/2024 08:59:00 PM
- Apple to Invest $250 Million in Singapore Expansion, Oracle Commits $8 Billion to Japan Infrastructure, and More News • IH Market News • 04/18/2024 11:11:52 AM
- Ericsson Soars with 66% Net Profit Growth; Live Nation Under Antitrust Scrutiny in US, and More News • IH Market News • 04/16/2024 11:18:19 AM
- Exxon Mobil Forecasts Earnings Decline, Twilio Seeks Board Tenure Changes, and More News • IH Market News • 04/04/2024 11:30:20 AM
- CNOOC Oil Field Discovery in South China Sea, Grifols Surges 18% After KPMG Approval, and Latest News • IH Market News • 03/08/2024 11:19:59 AM
- Tapestry Expands Partnership With Bluecore to Include Kate Spade Following Success With Coach and Stuart Weitzman • GlobeNewswire Inc. • 03/07/2024 02:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/04/2024 11:07:06 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/01/2024 10:08:04 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/01/2024 10:08:00 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 03/01/2024 10:05:53 PM
- Tapestry, Inc. Appoints Kevin Hourican and David Elkins to Board of Directors • Business Wire • 02/29/2024 11:45:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/29/2024 11:43:58 AM
- COACH INTRODUCES "FIND YOUR COURAGE" • PR Newswire (US) • 02/15/2024 02:00:00 PM
- COACH INTRODUCES FALL 2024 COLLECTION • PR Newswire (US) • 02/13/2024 12:43:00 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 02/08/2024 09:02:02 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/08/2024 11:45:34 AM
- Tapestry, Inc. Delivers Record Q2 Revenue and EPS; Raises Fiscal 2024 EPS Outlook • Business Wire • 02/08/2024 11:45:00 AM
- U.S. Index Futures Dip Slightly, Oil Prices Climb • IH Market News • 02/08/2024 10:56:39 AM
- Form S-3ASR - Automatic shelf registration statement of securities of well-known seasoned issuers • Edgar (US Regulatory) • 02/01/2024 09:59:34 PM
- Tapestry, Inc. to Host FY24 Second Quarter Earnings Call • Business Wire • 02/01/2024 11:45:00 AM
- Tapestry, Inc. Advances Corporate Responsibility Strategy to Drive Even Greater Impact Across Environmental, Social Impact and Diversity Commitments • Business Wire • 01/31/2024 03:00:00 PM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM