Tapestry's $835 Million Trading Volume Lands 159th Despite 12.91% Stock Price Drop

On April 3, 2025, Tapestry's trading volume reached $835 million, marking a significant 198.89% increase from the previous day. This surge placed Tapestry at the 159th position in the day's stock market rankings. However, despite the high trading volume, Tapestry's stock price fell by 12.91%.

Tapestry's stock price decline can be attributed to several factors. The company's recent financial performance has been under scrutiny, with investors expressing concerns over its revenue growth and profitability. Additionally, the broader market sentiment has been cautious, with many investors adopting a wait-and-see approach amidst economic uncertainties.

Analysts have also weighed in on the stock's performance. Bernstein recently reaffirmed their buy rating on Tapestry, indicating that they believe the stock is undervalued and has the potential for significant upside. However, this rating has not been enough to boost investor confidence, as the stock continues to face selling pressure.