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Gap Launches Fall 'Get Loose' Campaign Starring GRAMMY®-Nominated Global Pop Star Troye Sivan
Prnewswire· 2024-08-21 13:00
The campaign, titled "Get loose," stars GRAMMY®-nominated global pop star Troye Sivan and the dance group CDK Company, with direction and choreography by Sergio Reis. Set to Thundercat's viral hit "Funny Thing," the film, shot by Dan Martensen, reunites Sivan and Reis and features original choreography showcasing dancers in baggy and loose fit denim, inspiring free movement and personal style."This fall, we are celebrating Gap's 55-year heritage in denim with a collection of loose styles that allow for self ...
Gap (GPS) Suffers a Larger Drop Than the General Market: Key Insights
ZACKS· 2024-08-20 22:46
The latest trading session saw Gap (GPS) ending at $23.52, denoting a -0.68% adjustment from its last day's close. This move lagged the S&P 500's daily loss of 0.2%. Meanwhile, the Dow lost 0.15%, and the Nasdaq, a tech-heavy index, lost 0.34%.Coming into today, shares of the clothing chain had gained 8.13% in the past month. In that same time, the Retail-Wholesale sector gained 1.7%, while the S&P 500 gained 1.93%.The upcoming earnings release of Gap will be of great interest to investors. The company's ea ...
Price Gap Trading Deep Dive: Common, Breakaway, Continuation, Blow-Off
ZACKS· 2024-08-14 21:31
Price Gaps Overview - Price gaps occur when a stock or ETF trades above or below the previous session's closing price, leaving a distinguishable space on the price chart [1] - Gaps can mark the start of a fresh and powerful trend or have little meaning to a trend [1] Common Gap - Common gaps occur most frequently and tend to rapidly fill [2] - Small magnitude, typically less than 1% for an index and less than 5% for a stock [3] - Below average volume compared to the 50-day average [3] - Occur within a price range or consolidation with no signal in either direction [3] - Example: S&P Regional Banking ETF (KRE) gapped up 1.2% on low volume turnover and filled a few days later [4] Breakaway or Power Gap - Breakaway gaps occur when a stock or index gaps out of a multi-week or multi-month consolidation, marking the start of a fresh trend [5] - Large magnitude, 2% or more in an index, 5% or more in a stock [5] - Massive volume, ideally 50% or more above average [5] - Closes at the top of the range, 75% or higher [5] - Significant bullish catalyst such as earnings, drug approval, or change in monetary policy [6] - Example: Carvana (CVNA) soared 32% on massive volume after announcing its first annual profit [7] - Example: Lockheed Martin (LMT) broke out of a multi-month base on massive volume and closed high in the range [8] Continuation Gap or Runaway Gap - Continuation gaps occur in the middle of a move when a stock is extended from a price consolidation zone [9] - Sizable gap of 5% or more [9] - Example: Nvidia (NVDA) flashed a continuation gap after reporting earnings growth of 478% [10] Climax Top or Blow-Off Top - Climax tops are the most abnormal and extreme gaps, often marking the end of a rally [11] - Largest daily price run-up and heaviest daily volume are cautionary signs [11] - Exhaustion gap occurs when a stock gaps up multiple times, signaling the advance is on its last leg [11] - Example: Qualcomm (QCOM) in 1999 experienced its largest point spread and heaviest daily volume before reversing [13] - Example: Super Micro Computer (SMCI) in 2024 gained ground for nine straight sessions and saw multiple gaps before reversing violently [15] Conclusion - There are four different types of gaps in the stock market: common, breakaway, continuation, and blow-off [16]
Stock Of The Day: Amazon Stock Eyes Gap Refill
Benzinga· 2024-08-14 18:47
The old Wall Street saying “gaps refill” is true. It means that if a stock moves quickly, or “gaps,” through price levels going one way, and then eventually reverses and gets back to those same levels going the other way, it could move quickly or gap back through them in the opposite direction.Amazon.com Inc. AMZN may be about to refill a gap. This would mean a move higher. That's why it is our Stock of the Day.If a market is moving higher, there aren't enough sell orders to fill all the buy orders. Because ...
Gap Inc. Announces Third Quarter Dividend
Prnewswire· 2024-08-13 20:15
SAN FRANCISCO, Aug. 13, 2024 /PRNewswire/ -- Gap Inc. (NYSE: GPS) today announced its board of directors has authorized a third quarter fiscal year 2024 dividend of $0.15 per share, payable on or after October 30, 2024 to shareholders of record at the close of business on October 9, 2024.As a reminder, Gap Inc. previously announced that it will change its ticker symbol from "GPS" to "GAP". The company's common shares will begin trading on the New York Stock Exchange (NYSE) under the new symbol "GAP" on Thu ...
Gap Inc. To Change Ticker Symbol to "GAP" on August 22; To Report Second Quarter Fiscal 2024 Results on August 29
Prnewswire· 2024-08-08 20:15
SAN FRANCISCO, Aug. 8, 2024 /PRNewswire/ -- Gap Inc. (NYSE: GPS) a house of iconic American brands including Old Navy, Gap, Banana Republic, and Athleta, announced today that it will be changing its ticker symbol from "GPS" to "GAP". Effective on Thursday, August 22, 2024, the company's common shares will trade on the New York Stock Exchange (NYSE) under the new symbol "GAP"."Updating our NYSE ticker symbol to GAP on our 55th anniversary recognizes both an important milestone and the reinvigoration journey ...
FCC Takes Important Step Towards New Band Plan and Creation of Complement and Backup to GPS
GlobeNewswire News Room· 2024-08-06 17:40
RESTON, Va., Aug. 06, 2024 (GLOBE NEWSWIRE) -- NextNav (Nasdaq: NN), a leader in next generation positioning, navigation, timing (PNT) and 3D geolocation, announced today that the Federal Communications Commission (FCC) released a public notice seeking comment on its innovative spectrum solution in the Lower 900 MHz band (902-928 MHz band). On April 16, NextNav filed a rulemaking petition asking the FCC to open this proceeding to reconfigure the Lower 900 MHz band and adopt new rules to enable a terrestria ...
GPS or ZGN: Which Is the Better Value Stock Right Now?
ZACKS· 2024-08-02 16:46
Investors interested in stocks from the Retail - Apparel and Shoes sector have probably already heard of Gap (GPS) and Ermenegildo Zegna N.V. (ZGN) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while our St ...
Is Trending Stock The Gap, Inc. (GPS) a Buy Now?
ZACKS· 2024-07-31 14:06
Gap (GPS) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this clothing chain have returned -1%, compared to the Zacks S&P 500 composite's -0.4% change. During this period, the Zacks Retail - Apparel and Shoes industry, which Gap falls in, has lost 3.4%. The key question now is: What could be the stock's future direction?While media releases or rum ...
Gap (GPS) Could Find a Support Soon, Here's Why You Should Buy the Stock Now
ZACKS· 2024-07-29 14:55
Shares of Gap (GPS) have been struggling lately and have lost 5.3% over the past week. However, a hammer chart pattern was formed in its last trading session, which could mean that the stock found support with bulls being able to counteract the bears. So, it could witness a trend reversal down the road.While the formation of a hammer pattern is a technical indication of nearing a bottom with potential exhaustion of selling pressure, rising optimism among Wall Street analysts about the future earnings of thi ...