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 $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 $22.53 million following the completion of this transaction.
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 $83.21 million.
As published in a research note from Argus on January 21, 2025, Gap, Inc [GAP] has been rated up from a Hold to a Buy and the price target has been revised to $27. Analysts at UBS upgraded the stock from ‘”a Sell”‘ to ‘”a Neutral”‘ outlook in a report released in early January. As of December 02, 2024, JP Morgan has increased its “Neutral” rating to a “an Overweight” for GAP. Earlier on August 30, 2024, Telsey Advisory Group resumed its rating. Their recommendation was “a Market perform” for GAP stock.
Analyzing GAP Stock Performance
During the last five days, there has been a drop of approximately -8.23%. Over the course of the year, Gap, Inc shares have dropped approximately -4.74%. Shares of the company reached a 52-week high of $25.06 on 01/23/25 and a 52-week low of $22.27 on 02/05/25. A 50-day SMA is recorded $24.23, while a 200-day SMA reached $22.82. Nevertheless, trading volume fell to 3.75 million shares from 4.13 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 22.26, which, if violated, would cause prices to drop to 22.00. In the upper region, resistance lies at 22.78. The next price resistance is at 23.04. RSI (Relative Strength Index) is 37.90 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.20, which suggests the price will decrease in the coming days. Percent R is at 91.40%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
