Tapestry Shares Plunge 4.96% Amid Luxury Retail Rotation, $450M Volume Pushes Stock to 255th in Daily Activity

Tapestry Inc. (TPR) closed down 4.96% on September 25, with a trading volume of $450 million, ranking 255th in market activity for the day. The selloff followed mixed signals from recent corporate developments and market positioning.

Analysts noted the stock's decline was influenced by broader sector rotation away from luxury retail stocks amid rising borrowing costs. While Tapestry’s third-quarter sales growth outperformed peers in August, recent earnings guidance remained cautious, reflecting persistent macroeconomic uncertainties. Short-term traders observed increased open interest in put options ahead of key earnings dates, suggesting heightened bearish sentiment.

Market participants emphasized that Tapestry’s valuation remains sensitive to consumer discretionary spending trends. With U.S. retail sales data showing uneven recovery patterns, institutional investors have been trimming long positions in the sector. The stock’s recent pullback has drawn technical selling pressure below key support levels, though some algorithmic traders initiated buy-the-dip positions near 12-month lows.

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