Gap, Inc’s recent filing unveils that its 10% Owner FISHER JOHN J unloaded Company’s shares for reported $6.04 million on Dec 13 ’24. In the deal valued at $24.18 per share,250,000 shares were sold. As a result of this transaction, FISHER JOHN J now holds 1,000,752 shares worth roughly $24.9 million.
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Then, John J. Fisher bought 250,000 shares, generating $6,044,780 in total proceeds.
Before that, FISHER WILLIAM SYDNEY sold 123,950 shares. Gap, Inc shares valued at $3,252,684 were divested by the Director at a price of $26.24 per share. As a result of the transaction, FISHER WILLIAM SYDNEY now holds 3,696,517 shares, worth roughly $91.97 million.
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 Tuesday, Gap, Inc [NYSE:GAP] saw its stock jump 0.16% to $24.88. Over the last five days, the stock has lost -1.82%. Gap, Inc shares have risen nearly 18.99% since the year began. Nevertheless, the stocks have risen 16.75% 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 $22.77, while 200 days put it at $22.83.
Levels Of Support And Resistance For GAP Stock
The 24-hour chart illustrates a support level at 24.57, which if violated will result in even more drops to 24.25. On the upside, there is a resistance level at 25.14. A further resistance level may holdings at 25.40. The Relative Strength Index (RSI) on the 14-day chart is 57.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.46, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 56.46%. Stochastics %K at 35.79% indicates the stock is a holding.
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.
