Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Gap, Inc. shares valued at $182,441 were sold by Gilligan Sarah on Sep 17 ’24. At $20.61 per share, Gilligan Sarah sold 8,851 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, Barbeito Horacio sold 75,385 shares, netting a total of over 1,507,700 in proceeds. Following the sale of shares at $20.00 each, the insider now holds 0 shares.
Before that, Barbeito Horacio had sold 311 shares from its account. In a trade valued at $6,894, the President & CEO, Old Navy traded Gap, Inc. shares for $22.19 each. Upon closing the transaction, the insider’s holdings decreased to 311 shares, worth approximately $1.56 million.
As published in a research note from Telsey Advisory Group on August 30, 2024, Gap, Inc. [GAP] has been retained to a Market perform and the price target has been revised to $26. Analysts at BofA Securities upgraded the stock from ‘”an Underperform”‘ to ‘”a Neutral”‘ outlook in a report released in late July. As of July 18, 2024, Morgan Stanley has increased its “an Equal-weight” rating to a “an Overweight” for GAP. Earlier on June 25, 2024, TD Cowen upgraded its rating. Their new recommendation was “a Buy” for GAP stock which previously was a “a Hold”.
Analyzing GAP Stock Performance
During the last five days, there has been a drop of approximately -1.10%. Over the course of the year, Gap, Inc. shares have dropped approximately -0.96%. Shares of the company reached a 52-week high of $30.75 on 06/03/24 and a 52-week low of $18.34 on 01/18/24. A 50-day SMA is recorded $21.71, while a 200-day SMA reached $22.12. Nevertheless, trading volume fell to 3.17 million shares from 3.69 million shares the previous day.
Support And Resistance Levels for Gap, Inc. (GAP)
According to the 24-hour chart, there is a support level at 20.35, which, if violated, would cause prices to drop to 20.00. In the upper region, resistance lies at 20.93. The next price resistance is at 21.16. RSI (Relative Strength Index) is 46.33 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.20, which suggests the price will decrease in the coming days. Percent R is at 60.85%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
