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Is Tapestry Inc (TPR) a Stock to Watch This Week?

Wednesday, July 08, 2020 01:37 PM | InvestorsObserver Analysts

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Is Tapestry Inc (TPR) a Stock to Watch This Week?

Tapestry Inc (TPR) stock is lower by 3.84% over the past week and gets a Bearish rating from InvestorsObserver's Sentiment Indicator.

Sentiment Score - ,bearish
Tapestry Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on TPR!

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.

Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.

InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.

The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With TPR Stock Today?

Tapestry Inc (TPR) stock is trading at $12.77 as of 1:34 PM on Wednesday, Jul 8, a gain of $0.12, or 0.95% from the previous closing price of $12.65. The stock has traded between $12.58 and $13.02 so far today. Volume today is light. So far 2,378,869 shares have traded compared to average volume of 6,615,400 shares.

To see InvestorsObserver's Sentiment Score for Tapestry Inc click here.

More About Tapestry Inc

Coach, Kate Spade, and Stuart Weitzman are the fashion and accessory brands that comprise Tapestry. The firm's products are sold through more than 1,500 company-operated stores, wholesale channels, and e-commerce in North America (61% of fiscal 2019 sales), Europe, Asia (32% of fiscal 2019 sales), and elsewhere. Coach (71% of fiscal 2019 sales) is best known for affordable luxury leather products. Kate Spade (23% of fiscal 2019 sales) is known for colorful patterns and graphics. Women's handbags and accessories produced 68% of Tapestry's sales in fiscal 2019. Stuart Weitzman, Tapestry's smallest brand, generates nearly all its revenue from women's footwear.

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