Why Tiffany's Stock Is Trading Higher Today

Tiffany TIF shares are trading higher on Friday after LVMH Moet Hennessy Louis Vuitton SA LVMUY backed down on its pursuit of renegotiating the price of its $16.2 billion acquisition of Tiffany & Co.

Tiffany is a monobrand jeweler with a 180-year history. It is vertically integrated, with around 60% of jewellery produced internally.

Tiffany shares were trading up 6.36% at $121.81 on Friday. The stock has a 52-week high of $134.42 and a 52-week low of $78.60.

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