Gap (GPS) Jumps 11% in a Month: Is it an Ideal Time to Buy?
GPSGap(GPS) ZACKS·2024-08-23 01:20

The Gap Inc. (GPS) stock has regained some of its lost sheen in the past month. The comeback has mainly been driven by a financial recovery, fueled by rising market share and a stronger brand presence. The company has expanded its market share for five straight quarters. Additionally, it has been reinforcing its brand relevance through a savvy reinvigoration strategy.In the past month, the company’s shares have rallied as much as 11.5%, surpassing the industry peers and the broader S&P 500 index’s rise of 2 ...