Capri Holdings Limited (CPRI) stock is experiencing a decline today, primarily due to the recent termination of its merger agreement with Tapestry, Inc. The decision to halt the merger was mutually agreed upon by both companies, as they faced uncertain legal outcomes and an unlikely resolution by the February 10, 2025 deadline. This development has likely contributed to investor uncertainty, impacting Capri's stock performance.
The current price of Capri Holdings Limited (CPRI) is $21.95, reflecting a decrease of 4.63% from its previous close of $23.01.