Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Gap, Inc shares valued at $6,044,775 were sold by FISHER JOHN J on Dec 13 ’24. At $24.18 per share, FISHER JOHN J sold 250,000 shares. The insider’s holdings dropped to 1,000,752 shares worth approximately $24.05 million following the completion of this transaction.
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Also, John J. Fisher purchased 250,000 shares, netting a total of over 6,044,780 in proceeds.
Before that, FISHER WILLIAM SYDNEY had sold 123,950 shares from its account. In a trade valued at $3,252,684, the Director traded Gap, Inc shares for $26.24 each. Upon closing the transaction, the insider’s holdings decreased to 123,950 shares, worth approximately $88.83 million.
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 -3.42%. Over the course of the year, Gap, Inc shares have jumped approximately 14.92%. 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 $23.05, while a 200-day SMA reached $22.93. Nevertheless, trading volume fell to 1.46 million shares from 4.05 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 23.80, which, if violated, would cause prices to drop to 23.57. In the upper region, resistance lies at 24.23. The next price resistance is at 24.43. RSI (Relative Strength Index) is 50.07 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.63, which suggests the price will decrease in the coming days. Percent R is at 75.32%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
