Capri Holdings Limited (CPRI)

Tapestry rises on $2B share buyback, extending failed merger rally

Tapestry (TPR) shares gain on the Coach parent company's $2 billion share buyback announcement. The stock's rise extends its recent gains after the announcement that Tapestry and Michael Kors holding company Capri (CPRI) abandoned their merger efforts, citing regulatory hurdles. Catalysts Host Madison Mills joins Wealth! Host Brad Smith to break down the details of the stock move. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Naomi Buchanan.