Tiffany Rebounds From Downgrade, CEO Departure


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Tiffany & Co. (NYSE:TIF) shares are trading lower by $1.45 at $79.02 in Monday's session. The company was hit with a double dose of bad news.

It was announced Sunday its CEO had stepped down; Mizuho also downgraded the stock from Buy to Neutral.

After lower open, it bottomed in the first minute of the session at $77.66 and began to move higher. That low comes in just above the pair of lows from February 1 ($77.69) and February 2 ($77.52).

So far, the ensuing rally has cleared Friday's low ($78.64), but has come up shy of Friday's close ($80.47) as $79.48 stands as the current high for the session.


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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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