The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Gap, Inc shares valued at $3,436,839 were purchased by William S. Fisher on Dec 04 ’24. At $26.00 per share, William S. Fisher acquired 132,182 shares.
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Also, Robert J. Fisher purchased 420,747 shares, netting a total of over 10,895,636 in proceeds.
Before that, O’Connell Katrina had sold 87,557 shares from its account. In a trade valued at $2,228,553, the Chief Financial Officer traded Gap, Inc shares for $25.45 each. Upon closing the transaction, the insider’s holdings decreased to 87,557 shares, worth approximately $0.0.
As published in a research note from JP Morgan on December 02, 2024, Gap, Inc [GAP] has been rated up from a Neutral to an Overweight and the price target has been revised to $30 from $28. Analysts at Telsey Advisory Group resumed the stock at ‘”a Market perform”‘ outlook in a report released in late August. As of July 31, 2024, BofA Securities has increased its “an Underperform” rating to a “Neutral” for GAP. Earlier on July 18, 2024, Morgan Stanley upgraded its rating. Their new recommendation was “an Overweight” for GAP stock which previously was a “an Equal-weight”.
Analyzing GAP Stock Performance
During the last five days, there has been a surge of approximately 7.66%. Over the course of the year, Gap, Inc shares have jumped approximately 24.34%. 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 $22.05, while a 200-day SMA reached $22.57. Nevertheless, trading volume fell to 5.1 million shares from 0.15 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 25.61, which, if violated, would cause prices to drop to 25.22. In the upper region, resistance lies at 26.21. The next price resistance is at 26.42. RSI (Relative Strength Index) is 71.69 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.40, which suggests the price will increase in the coming days. Percent R is at 3.93%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
