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Curious about the S&P500 stocks that are in motion on Friday? Join us as we explore the top movers within the S&P500 index during today's session.
What's going on in today's session: S&P500 movers
The US market is yet to commence its session on Friday, but let's get a preview of the pre-market session and explore the top S&P500 gainers and losers driving the early market movements.
Let's have a look at what is happening on the US markets one hour before the close of the markets on Thursday. Below you can find the top S&P500 gainers and losers in today's session.
Shares of luxury fashion conglomerate Tapestry (NYSE:TPR) jumped 13.2% in the afternoon session after the company announced it agreed to terminate its proposed merger with Capri. In addition, the company's board approved an additional $2 billion share repurchase program.
Let's take a closer look at the S&P500 stocks with an unusual volume in today's session on Thursday. Stay informed about the market activity below.
Stay updated with the movement of S&P500 stocks in today's session. Discover which S&P500 stocks are making waves on Thursday.
Let's have a look at what is happening on the US markets on Thursday. Below you can find the gap up and gap down stocks in today's session.
Tapestry Inc. is planning to buy back $6.1 billion of bonds it sold to fund its now blocked purchase of Capri Holdings, after abandoning the deal due to antitrust pressure.
Capri Holdings Ltd and Tapestry Inc. have ended an $8.5 billion plan to merge after a US court order freezing the deal due to US antitrust regulators’ objections.
Which S&P500 stocks are moving before the opening bell on Tuesday?
Luxury fashion conglomerate Tapestry (NYSE:TPR) reported Q3 CY2024 results topping the market’s revenue expectations, but sales were flat year on year at $1.51 billion. The company expects the full year’s revenue to be around $6.75 billion, close to analysts’ estimates. Its GAAP profit of $0.79 per share was 9.7% below analysts’ consensus estimates.
Tapestry Inc. raised its guidance for the year, citing better-than-expected quarterly revenue at its Coach brand and strong sales in Europe.
Luxury fashion conglomerate Tapestry (NYSE:TPR) will be reporting results tomorrow before market open. Here’s what to look for.
Curious about the top performers within the S&P500 index one hour before the close of the markets on Monday? Dive into the list of today's session's top gainers and losers for a comprehensive overview.
Stay updated with the movements of the S&P500 index in the middle of the day on Monday. Discover which stocks are leading as top gainers and losers in today's session.
Is Capri stock a buy after its share price plunged?
Tapestry's acquisition of Capri has been blocked.
A court order freezing Tapestry Inc.’s $8.5 billion acquisition of Capri Holdings Ltd. has put the fashion deal in jeopardy, sent shares of Capri into a tailspin and punished funds and merger arbitragers that bet against the ruling.
Shares of luxury fashion conglomerate Tapestry (NYSE:TPR) jumped 16.9% in the morning session after a US district judge halted its merger with Capri Holdings. According to the ruling, Tapestry and Capri are "close competitors," and the merger would lead to "the loss of head-to-head competition," raising prices for shoppers. This followed the FTC's (Federal Trade Commission) move to block the deal in April 2024 following concerns that the merger could stifle competition in the affordable luxury handbag arena.