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Recent Insider Activity Suggests Potential Gains for Gap, Inc. (GPS)

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 $2.76 million.

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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 $30807.840000000004.

Citigroup upgraded its Gap, Inc. [GPS] rating to a Buy from a a Neutral in a research note published on May 07, 2024; the price target was increased to $28 from $21. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in early March has reiterated a ‘”a Market perform”‘ rating for it. JP Morgan also remained covering GPS and has increased its forecast on February 26, 2024 with a “Neutral” recommendation from previously “an Underweight” rating. Telsey Advisory Group maintained its rating on November 17, 2023. It rated GPS as “a Market perform”.

Price Performance Review of GPS

On Monday, Gap, Inc. [NYSE:GPS] saw its stock fall -2.20% to $22.26. Over the last five days, the stock has gained 0.23%. Gap, Inc. shares have risen nearly 6.46% since the year began. Nevertheless, the stocks have risen 170.47% 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 $22.98, while 200 days put it at $17.35. A total of 6.21 million shares were traded, compared to the trading of 5.8 million shares in the previous session.

Levels Of Support And Resistance For GPS Stock

The 24-hour chart illustrates a support level at 21.83, which if violated will result in even more drops to 21.41. On the upside, there is a resistance level at 22.88. A further resistance level may holdings at 23.51. The Relative Strength Index (RSI) on the 14-day chart is 51.23, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.24, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 35.79%. Stochastics %K at 79.76% indicates the stock is a holding.

The most recent change occurred on November 07, 2023 when Evercore ISI began covering the stock and recommended ‘”an Outperform”‘ rating along with a $17 price target.

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