Gap, Inc.’s filing revealed that its President & CEO, Gap Brand Breitbard Mark unloaded Company’s shares for reported $0.49 million on Mar 26 ’24. In the deal valued at $27.94 per share,17,392 shares were sold. As a result of this transaction, Breitbard Mark now holds 123,985 shares worth roughly $2.57 million.
Then, O’Connell Katrina sold 9,818 shares, generating $274,270 in total proceeds. Upon selling the shares at $27.94, the Chief Financial Officer now owns 0 shares.
Before that, Gruber Julie sold 9,414 shares. Gap, Inc. shares valued at $262,990 were divested by the Chief Legal&Compliance Officer at a price of $27.94 per share. As a result of the transaction, Gruber Julie now holds 1,384 shares, worth roughly $28718.0.
Telsey Advisory Group reiterated its Gap, Inc. [GPS] rating to a Market perform in a research note published on March 08, 2024; the price target was $22. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in late February from “an Underweight” to “a Neutral”. Telsey Advisory Group also remained covering GPS and reiterated its “Market perform” recommendation on November 17, 2023. Evercore ISI started covering the stock on November 07, 2023. It rated GPS as “an Outperform”.
Price Performance Review of GPS
On Monday, Gap, Inc. [NYSE:GPS] saw its stock fall -0.05% to $20.75. Over the last five days, the stock has lost -5.16%. Gap, Inc. shares have fallen nearly -0.77% since the year began. Nevertheless, the stocks have risen 122.16% over the past one year. While a 52-week high of $28.59 was reached on 03/21/24, a 52-week low of $7.22 was recorded on 01/18/24. SMA at 50 days reached $22.42, while 200 days put it at $16.44. A total of 5.77 million shares were traded, compared to the trading of 5.39 million shares in the previous session.
Levels Of Support And Resistance For GPS Stock
The 24-hour chart illustrates a support level at 20.40, which if violated will result in even more drops to 20.06. On the upside, there is a resistance level at 21.16. A further resistance level may holdings at 21.58. The Relative Strength Index (RSI) on the 14-day chart is 32.12, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.80, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.37%. Stochastics %K at 7.50% indicates the stock is a buying.
