Tiffany & Co. TIF shares are trading higher by $1.50 at $91.48 in Friday's session. The catalyst for the rally is a Q4 EPS beat of $0.07 along with a slight miss for sales.
After a higher open, Tiffany's stock continued in that direction, until finally peaking at $94.00 and sharply reversing course. That marks the highest level for the issue since August 11, 2015 when it peaked at $94.93.
Since reaching the elevated, level profit-takers have swarmed the issue. So far, the ensuing decline has found support ahead of the upper-end of Thursday's range ($90.61) as $91.09 stands as the low for the session.
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