Tapestry Stock Gaps Down 10.35% Amid Weak Start and Market Concerns

Tapestry, Inc., a mid-cap player in the footwear industry, opened today with a significant loss of 10.35%. This decline reflects a broader trend, as the stock's one-day performance stands at -9.61%, contrasting sharply with the S&P 500's modest gain of 0.37%. Over the past month, Tapestry has faced a notable downturn, with a performance of -14.44%, while the S&P 500 has increased by 1.2%.
In terms of technical indicators, Tapestry's weekly MACD is mildly bearish, while the monthly outlook appears bullish. The stock's Bollinger Bands indicate a bearish trend on a weekly basis, though the monthly perspective is mildly bullish. Moving averages suggest a mildly bullish sentiment on a daily basis.

Financially, Tapestry boasts a market capitalization of approximately USD 21.8 billion, a price-to-earnings ratio of 14.00, and an impressive return on equity of 153.90%. The company also offers a substantial dividend yield of 151.17%, although it carries a debt-to-equity ratio of 1.83. These metrics highlight Tapestry's current market position amidst today's notable stock activity.