Shares of Tapestry Inc.
slipped 0.27% to $39.94 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index
rising 0.85% to 4,480.70 and the Dow Jones Industrial Average
rising 0.68% to 34,814.39. This was the stock's fourth consecutive day of losses. Tapestry Inc. closed $9.73 short of its 52-week high ($49.67), which the company reached on May 7th.
Despite its losses, the stock outperformed some of its competitors Wednesday, as LVMH Moet Hennessy Louis Vuitton ADR
fell 2.71% to $148.00, Estee Lauder Cos. Cl A
fell 1.38% to $326.25, and Compagnie Financiere Richemont S.A. ADR
fell 3.75% to $10.77.true Trading volume (3.0 M) remained 93,172 below its 50-day average volume of 3.1 M.