Capri Holdings Limited ($CPRI) Stock Forecast: Down 5.1% Today

What is Capri Holdings Limited?

Capri Holdings Limited (NYSE: CPRI) is a global fashion luxury group, known for its iconic brands such as Michael Kors, Versace, and Jimmy Choo. The company operates in the high-end fashion industry and caters to luxury consumers worldwide.

Why is Capri Holdings Limited going down?

CPRI stock is down 5.1% on Dec 5, 2024 20:46

• The significant increase in short interest for Capri Holdings (CPRI) indicates a growing bearish sentiment among investors.
• The rise in shares sold short to 7.67% of all regular shares available suggests that investors are increasingly betting on a decline in CPRI's stock price.
• This surge in short interest could be driven by concerns over the company's performance, market conditions, or future outlook, leading to the bearish movement in CPRI's stock today.

CPRI Price Chart

CPRI Technical Analysis

CPRI News

Looking Into Capri Holdings's Recent Short Interest - Capri Holdings ( NYSE:CPRI )

Capri Holdings's CPRI short percent of float has risen 11.64% since its last report. The company recently reported that it has 8.83 million shares sold short, which is 7.67% of all regular shares that are available for trading.

https://www.benzinga.com/insights/short-sellers/24/12/42268883/looking-into-capri-holdingss-recent-short-interest

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Capri Holdings Limited Price History

21.07.2024 - CPRI Stock was up 5.0%

• The latest options trading trends point towards a bullish outlook on Capri Holdings, demonstrating investors' belief in the company's future opportunities.
• The rise in bullish options trades may indicate positive market sentiment towards the luxury fashion sector amid ongoing consumer spending recovery.
• Institutional investors and high-net-worth individuals seem to be driving the bullish momentum in CPRI, showcasing trust in the company's potential for growth.
• On the whole, the increase in bullish activity suggests investor confidence in Capri Holdings' performance and near-term prospects.

17.09.2024 - CPRI Stock was down 2.3%

• The recent downtrend in CPRI stock price could be linked to negative sentiment in the retail sector, potentially driven by concerns about consumer spending or economic instability.
• A downgrade of Uber Technologies (NYSE: UBER) by a prominent Wall Street analyst might have influenced investor confidence in companies like CPRI.
• Investor interest in luxury fashion stocks like CPRI could be waning, with a shift towards industries seen as more resilient or promising in the current market environment.
• The market performance of CPRI could also be impacted by general market trends or macroeconomic conditions affecting the retail sector broadly.

30.09.2024 - CPRI Stock was down 6.4%

• CPRI's short percent of float has increased, indicating growing bearish sentiment among investors.
• The stock plummeted after a judge blocked its acquisition by Tapestry, leading to uncertainty and negative market reaction.
• The news of the failed merger with Tapestry likely caused concerns about CPRI's future growth and strategic direction, contributing to the bearish trend.
• Retail investors on platforms like Stocktwits and pre-market trading activities reflected the market's attention and reaction to CPRI's latest developments.

08.10.2024 - CPRI Stock was down 13.5%

• CPRI reported Q2 earnings and revenues that missed expectations, reflecting soft demand for luxury fashion globally.
• The dip in gross margin year over year also contributed to the bearish movement in CPRI stock.
• Analysts' insights on key performance measures for CPRI's Q2 earnings might have further fueled the negative sentiment towards the stock.
• The overall outlook for the luxury fashion industry and CPRI specifically seems to be under pressure, impacting the stock's performance negatively.

21.07.2024 - CPRI Stock was up 6.6%

• The surge in bullish options trading for Capri Holdings suggests a high level of confidence and optimism among investors, leading to increased buying pressure on the stock.
• The significant amount of money being poured into bullish options trades indicates a positive sentiment towards the company's future performance and growth prospects.
• This flurry of bullish options activity could be driven by positive news, strong earnings expectations, or anticipation of favorable market conditions for the luxury fashion industry, all contributing to the stock's upward momentum today.

26.10.2024 - CPRI Stock was up 6.5%

• Analysts have recently turned bullish on Eastman Chemical, which could indicate a positive sentiment in the chemical industry.
• The upgrade in analyst ratings for Capri Holdings might have influenced investors' confidence in the stock, leading to a bullish movement.
• The overall positive outlook on top names like Eastman Chemical and Capri Holdings could be driving optimism in the market, contributing to CPRI's bullish movement today.

06.10.2024 - CPRI Stock was up 7.6%

• CPRI stock showed a robust upward trend today.
• Expectations among analysts for the upcoming Q2 earnings report of Capri Holdings (CPRI) vary.
• Despite predictions of a decrease in earnings, investors display optimism about CPRI's performance, resulting in the positive movement in the market.
• The market's favorable response could be linked to potential strategic actions or operational efficiencies within Capri Holdings, which are balancing out concerns about the projected earnings decrease.

25.09.2024 - CPRI Stock was down 47.3%

• The bearish movement in CPRI's stock price was triggered by a judge's decision to block its acquisition by Tapestry, Inc. (TPR), leading to uncertainty and disappointment among investors.
• The failed merger with Tapestry Inc. likely raised concerns about CPRI's growth prospects and strategic direction, causing a sell-off in the stock.
• The high level of bearish sentiment towards CPRI was further exacerbated by the company's stock dropping by half after the judge's ruling, signaling a lack of confidence in the company's future performance.
• Despite smart money betting big on CPRI options, the negative impact of the failed merger news overshadowed any potential bullish indicators, resulting in a sharp decline in the stock price.

25.09.2024 - CPRI Stock was down 46.0%

• CPRI stock experienced a strong bearish movement following reports that a judge has blocked the company's pending merger with Tapestry Inc.
• The news of the blocked merger likely caused uncertainty and concern among investors, leading to a significant sell-off in CPRI shares.
• The bullish positioning of high-rolling investors in CPRI options may not have been enough to offset the negative impact of the failed merger, resulting in the bearish market movement today.
• Investors should closely monitor any developments regarding the merger and its potential implications on CPRI's future performance.

14.10.2024 - CPRI Stock was up 5.1%

• The termination of the $8.5B merger deal with Tapestry Inc. (TPR) might have been perceived positively by investors, indicating potential strategic shifts or better opportunities for CPRI.
• Despite missing Q2 earnings and revenues due to soft demand and a dip in gross margin, the market may have reacted bullishly if investors believe that the worst is priced in and anticipate a turnaround in the near future for CPRI.
• The market movement could also suggest that investors are focusing more on the long-term growth prospects of CPRI's luxury brands rather than short-term financial results.

05.11.2024 - CPRI Stock was down 5.1%

• The significant increase in short interest for Capri Holdings (CPRI) indicates a growing bearish sentiment among investors.
• The rise in shares sold short to 7.67% of all regular shares available suggests that investors are increasingly betting on a decline in CPRI's stock price.
• This surge in short interest could be driven by concerns over the company's performance, market conditions, or future outlook, leading to the bearish movement in CPRI's stock today.

19.10.2024 - CPRI Stock was down 5.3%

• The termination of the merger agreement between Tapestry, Inc. and Capri Holdings Limited could have led to uncertainty and negative sentiment surrounding CPRI's future prospects, contributing to the bearish movement.
• The bullish approach adopted by deep-pocketed investors towards CPRI options may not have been enough to counterbalance the overall market sentiment following the merger termination news.
• Comparisons between CPRI and other stocks in the Retail Apparel and Shoes sector, like Urban Outfitters, might have highlighted weaknesses or concerns specific to CPRI, further impacting its stock performance.
• The legal hurdles and struggles could have eroded investor confidence in CPRI, leading to the strong bearish movement observed in the market today.