Is Gap's Jump Justified? Yes, and There's More to Come

Having slid 30% from March through April, investors of Gap Inc NYSE: GPS would have been getting nervous. The fact that the retailer had earnings due at the end of May would only have added to this, as that kind of price action in the weeks before a report is often indicative of the smart money positioning itself accordingly. GAP Today GPS GAP $26.44 -0.38 (-1.42%) 52-Week Range$ 8.51 ▼ $30.75 Dividend Yield 2.27% P/E Ratio 14.69 Price Target$ 25.86 Add to Watchlist So when shares of Gap popped almost 50% i ...