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 $22.25 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 $82.17 million.
Argus upgraded its Gap, Inc [GAP] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including UBS’s analysts, who increased its forecast for the stock in early January from “a Sell” to “a Neutral”. JP Morgan also remained covering GAP and has increased its forecast on December 02, 2024 with a “an Overweight” recommendation from previously “Neutral” rating. Telsey Advisory Group maintained its rating on August 30, 2024. It rated GAP as “a Market perform”.
Price Performance Review of GAP
On Friday, Gap, Inc [NYSE:GAP] saw its stock fall -0.76% to $22.23. Over the last five days, the stock has lost -3.52%. Gap, Inc shares have fallen nearly -5.92% 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 01/23/25, a 52-week low of $18.72 was recorded on 02/21/25. SMA at 50 days reached $23.77, while 200 days put it at $22.93.
Levels Of Support And Resistance For GAP Stock
The 24-hour chart illustrates a support level at 21.80, which if violated will result in even more drops to 21.38. On the upside, there is a resistance level at 22.81. A further resistance level may holdings at 23.40. The Relative Strength Index (RSI) on the 14-day chart is 40.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.39%. Stochastics %K at 19.28% indicates the stock is a buying.
