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GPS (Gap, Inc.) may reap gains as insiders became active recently

Gap, Inc.’s filing revealed that its Director Gardner Tracy unloaded Company’s shares for reported $68890.0 on Jul 01 ’24. In the deal valued at $23.48 per share,2,934 shares were sold. As a result of this transaction, Gardner Tracy now holds 51,901 shares worth roughly $1.21 million.

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Then, Barbeito Horacio sold 198 shares, generating $4,923 in total proceeds. Upon selling the shares at $24.81, the President & CEO, Old Navy now owns 0 shares.

Before that, Gruber Julie sold 74,252 shares. Gap, Inc. shares valued at $2,227,560 were divested by the Chief Legal&Compliance Officer at a price of $30.00 per share. As a result of the transaction, Gruber Julie now holds 1,384 shares, worth roughly $32205.68.

TD Cowen upgraded its Gap, Inc. [GPS] rating to a Buy from a a Hold in a research note published on June 25, 2024; the price target was increased to $30 from $28. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in late May has reiterated a ‘”a Market perform”‘ rating for it. Citigroup also remained covering GPS and has increased its forecast on May 07, 2024 with a “Buy” recommendation from previously “Neutral” rating. Telsey Advisory Group maintained its rating on March 08, 2024. It rated GPS as “a Market perform”.

Price Performance Review of GPS

On Friday, Gap, Inc. [NYSE:GPS] saw its stock fall -2.55% to $23.27. Over the last five days, the stock has lost -3.16%. Gap, Inc. shares have risen nearly 11.29% since the year began. Nevertheless, the stocks have risen 164.73% over the past one year. While a 52-week high of $30.75 was reached on 06/03/24, a 52-week low of $8.58 was recorded on 01/18/24. SMA at 50 days reached $23.34, while 200 days put it at $19.76. A total of 6.64 million shares were traded, compared to the trading of 4.06 million shares in the previous session.

Levels Of Support And Resistance For GPS Stock

The 24-hour chart illustrates a support level at 22.87, which if violated will result in even more drops to 22.47. On the upside, there is a resistance level at 24.02. A further resistance level may holdings at 24.77. The Relative Strength Index (RSI) on the 14-day chart is 43.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.13%. Stochastics%K at 22.06% indicates the stock is a holding.

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