Tapestry Unusual Options Activity For August 21 TPR, UBS, Coach, Capri, Versace, Benzinga, JP Morgan, Kate Spade, Jimmy Choo, \nTapestry, Wells Fargo, Michael Kors, Stuart Weitzman, Telsey Advisory Group by https://www.benzinga.com/
AI Insights:
Simple Explanation:
the article is talking about how some big investors are selling shares of a company called Tapestry. Tapestry makes things like bags and shoes for brands like Coach and Kate Spade. These big investors are selling because they think the company's stock price will go down. This is interesting to people who like to buy and sell shares of companies, because they want to know what's going to happen to the stock price. Read from source...
Critical Perspective:
Please be aware that this article focuses mainly on Tapestry's unusual options activity for August 21. While it provides some interesting insights, such as the mixed sentiment among large-scale traders and the price band between $40.0 and $42.5, the article fails to offer any tangible analysis of Tapestry's overall market status or performance. Moreover, it gives little consideration to the potential impact of the company's recent acquisition of rival Capri on its future trading patterns. Overall, the article's lack of depth and context leaves readers with a limited understanding of the significance of the unusual options activity discussed.
### Source:
Tapestry Unusual Options Activity For August 21 by Benzinga Insights, Benzinga Staff Writer August 21, 2024 11:45 AM | 4 min read | 1 Comment.
Investment Analysis:
We are not financial advisors. It's always essential for you to consult with a financial advisor and do your research before making any decisions about investments.
TPR has experienced unusual options activity, and this could indicate potential upcoming events or developments. Options traders are mixed, with 12% bullish and 75% bearish, and the majority of transactions were puts, valued at $2,381,301, with a single call option worth $26,750. Major market movers are focusing on a price band between $40 and $42.5 for TPR, spanning the last three months. Open interest and trading volumes are useful indicators for gauging liquidity and interest levels for TPR's options. TPR is currently trading at $41.31, and analysts have set an average target price of $50.2. One analyst from UBS has maintained a neutral rating and a target price of $40, while an analyst from JP Morgan has maintained an overweight rating with a target price of $51. However, some analysts have expressed more bullish sentiments, with one analyst from Telsey Advisory Group setting a target price of $54.