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23.52
2.98%
0.68
Why is Capri Holdings Ltd (CPRI) Stock down?
We've noticed a 6.68% decline in Capri Holdings Ltd (CPRI) stock during the 2024-11-08 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
07 Nov, 2023:
Capri Holdings Limited Stock (CPRI) dropped by 3.63% from $50.66 to $48.82 in the trading on Tuesday November 7, 2023. The reason why CPRI stock down today is due to the Tapestry acquisition. The U.S. Federal Trade Commission (FTC) has sent requests to Tapestry and Michael Kors owner Capri Holdings for more information on their planned $8.5 billion deal. In August, Tapestry warned of weak profit and sales in fiscal 2024 as increased cost of living and still-high inflation has pressured American budgets, denting demand for luxury brands.
2.07%
8.88%
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