Tapestry Inc. stock underperforms Wednesday when compared to competitors
Shares of Tapestry Inc.
slumped 0.26% to $41.44 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index
rising 0.12% to 4,374.30 and the Dow Jones Industrial Average
rising 0.13% to 34,933.23. This was the stock’s second consecutive day of losses. Tapestry Inc. closed $8.23 short of its 52-week high ($49.67), which the company reached on May 7th.
The stock underperformed when compared to some of its competitors Wednesday, as LVMH Moet Hennessy Louis Vuitton ADR
rose 0.32% to $158.85, Estee Lauder Cos. Cl A
rose 1.85% to $326.56, and Compagnie Financiere Richemont S.A. ADR
rose 2.21% to $12.46. Trading volume (1.9 M) remained 1.6 million below its 50-day average volume of 3.5 M.