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

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Gap, Inc.’s recent filing unveils that its Chief Legal&Compliance Officer Gruber Julie unloaded Company’s shares for reported $2.23 million on Jun 03 ’24. In the deal valued at $30.00 per share,74,252 shares were sold. As a result of this transaction, Gruber Julie now holds 1,384 shares worth roughly $36094.72.

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Then, O’Connell Katrina sold 20,000 shares, generating $580,174 in total proceeds. Upon selling the shares at $29.01, the Chief Financial Officer now owns 0 shares.

Before that, Breitbard Mark sold 17,392 shares. Gap, Inc. shares valued at $485,880 were divested by the President & CEO, Gap Brand at a price of $27.94 per share. As a result of the transaction, Breitbard Mark now holds 123,985 shares, worth roughly $3.23 million.

Telsey Advisory Group reiterated its Gap, Inc. [GPS] rating to a Market perform in a research note published on May 31, 2024; the price target was $29. A number of analysts have revised their coverage, including Citigroup’s analysts, who increased its forecast for the stock in early May from “a Neutral” to “a Buy”. Telsey Advisory Group also remained covering GPS and reiterated its “Market perform” recommendation on March 08, 2024. JP Morgan revised its rating on February 26, 2024. It rated GPS as “a Neutral” which previously was an “an Underweight”.

Price Performance Review of GPS

On Monday, Gap, Inc. [NYSE:GPS] saw its stock jump 2.39% to $26.08. Over the last five days, the stock has lost -10.16%. Gap, Inc. shares have risen nearly 24.73% since the year began. Nevertheless, the stocks have risen 175.40% over the past one year. While a 52-week high of $30.75 was reached on 06/03/24, a 52-week low of $8.51 was recorded on 01/18/24. SMA at 50 days reached $22.75, while 200 days put it at $18.59. A total of 6.85 million shares were traded, compared to the trading of 6.11 million shares in the previous session.

Levels Of Support And Resistance For GPS Stock

The 24-hour chart illustrates a support level at 25.38, which if violated will result in even more drops to 24.68. On the upside, there is a resistance level at 26.49. A further resistance level may holdings at 26.89. The Relative Strength Index (RSI) on the 14-day chart is 60.38, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.69, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 44.52%. Stochastics %K at 52.53% indicates the stock is a holding.

The most recent change occurred on November 17, 2023 when Telsey Advisory Group resumed its ‘”a Market perform”‘ rating for the stock and retained the price target to $17.

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