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Shares of Gap Inc. (GPS) shed 5.19% to $23.76 Wednesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 0.26% to 4,688.67 and Dow Jones Industrial Average falling 0.58% to 35,931.05. The stock's fall snapped a two-day winning streak. Gap Inc. closed $13.87 short of its 52-week high ($37.63), which the company achieved on May 18th.
The stock underperformed when compared to some of its competitors Wednesday, as H&M Hennes & Mauritz AB ADR fell 1.84% to $3.74, Urban Outfitters Inc. (URBN) fell 4.22% to $36.06, and American Eagle Outfitters Inc. (AEO) fell 3.57% to $26.72. Trading volume (7.0 M) remained 193,466 below its 50-day average volume of 7.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 17, 2021.
(END) Dow Jones Newswires
November 17, 2021 16:57 ET (21:57 GMT)
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