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Shares of Gap Inc. (GPS) slipped 1.61% to $23.27 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.37% to 4,630.65 and the Dow Jones Industrial Average rising 0.39% to 36,052.63. Gap Inc. closed $14.36 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 1.03% to $3.78, Urban Outfitters Inc. (URBN) rose 0.43% to $32.81, and American Eagle Outfitters Inc. (AEO) fell 1.03% to $25.06. Trading volume (5.6 M) remained 2.5 million below its 50-day average volume of 8.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 2, 2021.
(END) Dow Jones Newswires
November 02, 2021 16:57 ET (20:57 GMT)
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