In a filing, Gap, Inc revealed 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 $24.17 million.
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 $89.27 million.
UBS upgraded its Gap, Inc [GAP] rating to a Neutral from a a Sell in a research note published on January 10, 2025; the price target was increased to $26 from $16. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in early December from “a Neutral” to “an Overweight”. Telsey Advisory Group also remained covering GAP and reiterated its “Market perform” recommendation on August 30, 2024. BofA Securities revised its rating on July 31, 2024. It rated GAP as “a Neutral” which previously was an “an Underperform”.
Price Performance Review of GAP
On Friday, Gap, Inc [NYSE:GAP] saw its stock jump 1.43% to $24.15. Over the last five days, the stock has gained 2.29%. Gap, Inc shares have risen nearly 2.20% since the year began. Nevertheless, the stocks have risen 13.33% over the past one year. While a 52-week high of $30.75 was reached on 01/06/25, a 52-week low of $18.34 was recorded on 01/08/25. SMA at 50 days reached $23.46, while 200 days put it at $22.86.
Levels Of Support And Resistance For GAP Stock
The 24-hour chart illustrates a support level at 23.78, which if violated will result in even more drops to 23.42. On the upside, there is a resistance level at 24.44. A further resistance level may holdings at 24.74. The Relative Strength Index (RSI) on the 14-day chart is 51.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 46.94%. Stochastics %K at 34.88% 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.
