Gap, Inc’s filing revealed that its Director FISHER WILLIAM SYDNEY unloaded Company’s shares for reported $6.35 million on Dec 06 ’24. In the deal valued at $26.02 per share,243,868 shares were sold. As a result of this transaction, FISHER WILLIAM SYDNEY now holds 3,820,467 shares worth roughly $99.33 million.
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Then, FISHER WILLIAM SYDNEY sold 132,182 shares, generating $3,436,838 in total proceeds. Upon selling the shares at $26.00, the Director now owns 4,064,335 shares.
Before that, William S. Fisher bought 243,868 shares. Gap, Inc shares valued at $6,345,363 were divested by the Director at a price of $26.02 per share.
JP Morgan upgraded its Gap, Inc [GAP] rating to an Overweight from a a Neutral in a research note published on December 02, 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 August has reiterated a ‘”a Market perform”‘ rating for it. BofA Securities also remained covering GAP and has increased its forecast on July 31, 2024 with a “Neutral” recommendation from previously “an Underperform” rating. Morgan Stanley revised its rating on July 18, 2024. It rated GAP as “an Overweight” which previously was an “an Equal-weight”.
Price Performance Review of GAP
On Friday, Gap, Inc [NYSE:GAP] saw its stock jump 1.80% to $26.00. Over the last five days, the stock has gained 7.22%. Gap, Inc shares have risen nearly 24.34% since the year began. Nevertheless, the stocks have risen 24.16% over the past one year. While a 52-week high of $30.75 was reached on 06/03/24, a 52-week low of $18.34 was recorded on 01/18/24. SMA at 50 days reached $22.25, while 200 days put it at $22.64.
Levels Of Support And Resistance For GAP Stock
The 24-hour chart illustrates a support level at 25.71, which if violated will result in even more drops to 25.42. On the upside, there is a resistance level at 26.22. A further resistance level may holdings at 26.45. The Relative Strength Index (RSI) on the 14-day chart is 69.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.81, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.93%. Stochastics %K at 93.56% 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 2024-10-31, growing by 4.48 million shares to a total of 32.82 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 28.34 million shares. There was a rise of 13.65%, which implies that there is a positive sentiment for the stock.
