Gap (The) (NYSE:GPS) has climbed 6.4% in the past week and advanced 11.77% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 7.67% and the outperformance has advanced to 10.75% for the last 4 weeks period.
Gap (The) (NYSE:GPS): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $19.39 and $19.38 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $20.43. The buying momentum continued till the end and the stock did not give up its gains. It closed at $20.13, notching a gain of 4.08% for the day. The total traded volume was 10,633,114 . The stock had closed at $19.34 on the previous day.
The company shares have dropped -48.15% from its 1 Year high price. On Jun 23, 2015, the shares registered one year high at $39.59 and the one year low was seen on May 19, 2016. The 50-Day Moving Average price is $19.40 and the 200 Day Moving Average price is recorded at $24.26.
On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Global Pres., Banana Republic) of Gap Inc, Owen Andi had sold 11,381 shares worth of $343,592 in a transaction dated March 21, 2016. In this transaction, 11,381 shares were sold at $30.19 per share.
Many analysts have stated their opinion on the company shares. Major Brokerage house, Wolfe Research upgrades its ratings on Gap (The) (NYSE:GPS). According to the latest information available, the shares are now rated Outperform by the analysts at the agency. Previously, the analysts had a Peer Perform rating on the shares. The rating by the firm was issued on June 17, 2016. Currently the company Insiders own 30% of Gap (The) shares according to the proxy statements. Institutional Investors own 58.01% of Gap (The) shares. During last six month period, the net percent change held by insiders has seen a change of -73.9%.
The Gap, Inc. is an apparel retail company. The Company offers apparel, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy, Piperlime, Athleta and Intermix brands. In addition to operating in the specialty, outlet, online and franchise channels, Gap Inc. is an apparel retailer in using omni-channel capabilities for digital world and physical stores. Its omni-channel services include order-in-store, reserve-in-store, find-in-store and ship-from-store that are tailored across its portfolio of brands. Gap includes GapKids, babyGap, GapMaternity, GapBody and GapFit collections. It also offers handbags, shoes, jewelry, eyewear and personal care products, among others. It has Company-operated stores in the United States, Canada, the United Kingdom, France, Ireland, Japan, Italy, China and Hong Kong. It operates Gap, Banana Republic and Old Navy stores throughout Asia, Australia, Europe, Latin America, the Middle East and Africa.