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Shares of Gap Inc. (GPS) cratered 24.12% to $17.84 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.23% to 4,701.46 and the Dow Jones Industrial Average falling 0.03% to 35,804.38. This was the stock's fourth consecutive day of losses. Gap Inc. closed $19.79 below 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 2.71% to $3.65, Urban Outfitters Inc. (URBN) fell 2.25% to $33.04, and American Eagle Outfitters Inc. (AEO) fell 2.08% to $28.19. Trading volume (55.0 M) eclipsed its 50-day average volume of 7.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 24, 2021.
(END) Dow Jones Newswires
November 24, 2021 16:57 ET (21:57 GMT)
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