The Gap, Inc. (GPS) was a big mover last session, as the company saw its shares rise nearly 6% on the day. This jump can be attributable to solid volume too with far more shares changing hands than in a normal session. This broke the recent trend of the company, as the stock is now trading above the volatile price range of $36.79 to $39.84 in the past one-month time frame.
The company has seen 5 positive revisions over the past 7 days, while its Zacks Consensus Estimate moved higher over the same time period, suggesting that more solid trading could be ahead for Gap. So make sure to keep an eye on this stock going forward to see if Friday’s gain can turn into more strength down the road.
The Gap, Inc. currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Other better-ranked stocks in the apparel industry include Michael Kors Holdings Limited (KORS) and Hanesbrands Inc. (HBI) carrying a Zacks Rank #1 (Strong Buy), and G-III Apparel Group, Ltd. (GIII) sporting a Zacks Rank #2 (Buy).
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The Gap, Inc. (GPS) in Focus: Stock Moves 5.8% Higher
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