Published on 30 Nov 2021 on Market Watch
Gap Inc. stock underperforms Tuesday when compared to competitors
Shares of Gap Inc. slipped 7.13% to $16.53 Tuesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 1.90% to 4,567.00 and Dow Jones Industrial Average falling 1.86% to 34,483.72. Gap Inc. closed $21.10 short of its 52-week high ($37.63), which the company reached on May 18th.
The stock underperformed when compared to some of its competitors Tuesday, as H&M Hennes & Mauritz AB ADR fell 1.02% to $3.50, Urban Outfitters Inc. fell 2.67% to $31.67, and American Eagle Outfitters Inc. fell 3.86% to $25.89. Trading volume (20.5 M) eclipsed its 50-day average volume of 9.1 M.