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 Stock Is Roaring Ahead Today

TheMotleyFool

0 0

Why Gap Stock Is Roaring Ahead TodayPhoto, wide shot, wide-angle lens, Department store, sunset photo at golden hour, photo by Art Wolfe: https://img.midjourneyapi.xyz/temp/57f223bf-67a0-476b-94dd-76010fccb266.png

Gap (NYSE: GPS) shares were surging 12.4% at 10:27 a.m. ET on Wednesday on speculation that activist investors might target the clothing retailer.

According to TheFly.com, Activist Insight suggests "an activist might agitate for changes at Gap," with the Athleta brand a potential spinoff or sale target. Similar comments were recently made by Adrienne Yih, an analyst at Barclays, who suggested falling sales could invite activist interest.

Image source: Gap Stores.

Source Fool.com

Like: 0

GPS

Share