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 $3,252,684 were sold by FISHER WILLIAM SYDNEY on Dec 09 ’24. At $26.24 per share, FISHER WILLIAM SYDNEY sold 123,950 shares. The insider’s holdings dropped to 3,696,517 shares worth approximately $93.23 million following the completion of this transaction.
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Also, William S. Fisher purchased 124,596 shares, netting a total of over 3,269,481 in proceeds.
Before that, Robert J. Fisher had added 201,153 shares to its account. In a trade valued at $5,273,830, the Director bought Gap, Inc shares for $26.22 each.
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 drop of approximately -3.00%. Over the course of the year, Gap, Inc shares have jumped approximately 20.61%. 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 $22.48, while a 200-day SMA reached $22.73. Nevertheless, trading volume fell to 5.41 million shares from 4.08 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 24.95, which, if violated, would cause prices to drop to 24.68. In the upper region, resistance lies at 25.52. The next price resistance is at 25.81. RSI (Relative Strength Index) is 61.59 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.36, which suggests the price will decrease in the coming days. Percent R is at 19.90%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
