Gap, Inc.’s filing revealed that its Chief Sup Chn & Transform Ofcr Gilligan Sarah unloaded Company’s shares for reported $0.18 million on Sep 17 ’24. In the deal valued at $20.61 per share,8,851 shares were sold. As a result of this transaction, Gilligan Sarah now holds 0 shares worth roughly $0.0.
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Then, Barbeito Horacio sold 75,385 shares, generating $1,507,700 in total proceeds. Upon selling the shares at $20.00, the President & CEO, Old Navy now owns 0 shares.
Before that, Barbeito Horacio sold 311 shares. Gap, Inc. shares valued at $6,894 were divested by the President & CEO, Old Navy at a price of $22.19 per share. As a result of the transaction, Barbeito Horacio now holds 75,385 shares, worth roughly $1.59 million.
Telsey Advisory Group reiterated its Gap, Inc. [GAP] rating to a Market perform in a research note published on August 30, 2024; the price target was $26. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in late July from “an Underperform” to “a Neutral”. Morgan Stanley also remained covering GAP and has increased its forecast on July 18, 2024 with a “an Overweight” recommendation from previously “an Equal-weight” rating. TD Cowen revised its rating on June 25, 2024. It rated GAP as “a Buy” which previously was an “a Hold”.
Price Performance Review of GAP
On Tuesday, Gap, Inc. [NYSE:GAP] saw its stock fall -4.40% to $21.08. Over the last five days, the stock has gained 1.69%. Gap, Inc. shares have risen nearly 0.81% since the year began. Nevertheless, the stocks have risen 98.31% over the past one year. While a 52-week high of $30.75 was reached on 06/03/24, a 52-week low of $9.71 was recorded on 01/18/24. SMA at 50 days reached $21.88, while 200 days put it at $22.14.
Levels Of Support And Resistance For GAP Stock
The 24-hour chart illustrates a support level at 20.62, which if violated will result in even more drops to 20.15. On the upside, there is a resistance level at 21.72. A further resistance level may holdings at 22.35. The Relative Strength Index (RSI) on the 14-day chart is 48.56, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.79, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 45.11%. Stochastics %K at 82.29% indicates the stock is a selling.
How much short interest is there in Gap, Inc.?
A steep rise in short interest was recorded in Gap, Inc. stocks on 2024-09-13, dropping by -5.96 million shares to a total of 24.01 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 29.97 million shares. There was a decline of -24.82%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on May 31, 2024 when Telsey Advisory Group resumed its ‘”a Market perform”‘ rating for the stock and retained the price target to $29.
