Tapestry Inc. stock remains steady Thursday, underperforms market

Tapestry Inc. stock remains steady Thursday, underperforms market

Shares of Tapestry Inc. TPR, were unchanged Thursday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX, +1.50% rising 1.50% to 4,288.70 and the Dow Jones Industrial Average DJIA, +0.28% rising 0.28% to 33,223.83. Tapestry Inc. closed $10.51 below its 52-week high ($49.67), which the company achieved on May 7th.

The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as LVMH Moet Hennessy Louis Vuitton ADR LVMUY, -2.60% fell 2.60% to $145.53, Estee Lauder Cos. Cl A EL, +0.76% rose 0.76% to $293.13, and Compagnie Financiere Richemont S.A. ADR CFRUY, -4.21% fell 4.21% to $13.20. Trading volume (4.2 M) eclipsed its 50-day average volume of 3.3 M.

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