Shares of Tapestry Inc. TPR, -5.16% shed 2.47% to $39.17 Wednesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index SPX, -1.57% falling 0.63% to 4,602.45 and Dow Jones Industrial Average DJIA, -1.56% falling 0.19% to 35,228.81. Tapestry Inc. closed $10.50 below its 52-week high ($49.67), which the company reached on May 7th.
The stock underperformed when compared to some of its competitors Wednesday, as LVMH Moet Hennessy Louis Vuitton ADR LVMUY, -2.87% fell 1.34% to $146.80, Estee Lauder Cos. Cl A EL, -2.45% fell 2.03% to $279.16, and Compagnie Financiere Richemont S.A. ADR CFRUY, -3.22% fell 2.07% to $13.03. Trading volume (3.1 M) remained 1.1 million below its 50-day average volume of 4.2 M.