Shares of Tapestry Inc.
slid 2.16% to $39.92 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index
rising 0.20% to 4,367.48 and the Dow Jones Industrial Average
rising 0.07% to 34,823.35. The stock's fall snapped a two-day winning streak. Tapestry Inc. closed $9.75 short of its 52-week high ($49.67), which the company achieved on May 7th.
The stock underperformed when compared to some of its competitors Thursday, as LVMH Moet Hennessy Louis Vuitton ADR
rose 0.03% to $156.20, Estee Lauder Cos. Cl A
rose 1.08% to $326.58, and Compagnie Financiere Richemont S.A. ADR
rose 1.24% to $12.29. Trading volume (2.5 M) remained 842,670 below its 50-day average volume of 3.4 M.