GAP Stock Spikes 13% on Holiday Cheer & Raised Outlook: Time to Buy?

The Gap Inc. (GAP) has seen its shares rally 12.7% since reporting strong third-quarter fiscal 2024 results on Nov. 21, 2024. This reflects an outperformance compared with its industry peers, the broader sector and the S&P 500 index. The Retail - Apparel and Shoes industry has risen 8.1% and the Retail-Wholesale sector notched up 2.4% in the same period. Also, the S&P 500 has inched up 0.7% since Nov. 21. GAP's Price Performance Image Source: Zacks Investment Research The stock's rally since its earnings re ...