Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Gap Shares Jumped 8% on Tuesday

TheMotleyFool

0 0

Shares of Gap (NYSE: GPS), the apparel and accessories retailer, jumped 8% on Tuesday as investors digested a number of developments and data ahead of the company's fiscal first-quarter earnings report after market close on Thursday, June 4.

One optimistic data point that could have driven Gap's stock higher today came from S&P Global Market Intelligence. The financial information and analytics company surveyed 1,250 people from April 30 to May 18 and found that 44% of consumers polled plan to start shopping at retail stores as soon as local restrictions are lifted, compared with only 31% saying they plan to immediately return to eating out.

Image source: Getty Images.

Source Fool.com

Like: 0

GPS

Share