Among the S&P 500’s biggest fallers on Friday November 08 was Gap Inc. (The) (GPS). The stock experienced a 7.64% decline to $16.68 with 26.36 million shares changing hands.
Gap Inc. (The) started at an opening price of 17.34 and hit a high of $17.72 and a low of $16.52. Ultimately, the stock took a hit and finished the day at $1.38 per share. Gap Inc. (The) trades an average of n/a shares a day out of a total 375.79 million shares outstanding. The current moving averages are a 50-day SMA of $n/a and a 200-day SMA of $n/a. Gap Inc. (The) hit a high of $31.39 and a low of $15.11 over the last year.
Gap, Inc. retails apparel, accessories, and personal-care products under the Gap, Old Navy, Banana Republic, Athleta, Hill City, Janie & Jack, and Intermix brands. Old Navy generates nearly half of Gap’s sales. The firm also operates e-commerce sites, outlet stores, and specialty stores under various Gap names. Gap operates approximately 3,300 stores in North America, Europe, and Asia and franchises more than 500 stores in Asia, Europe, Latin America, and other regions. Gap was founded in 1969 and is based in San Francisco.
With its headquarters located in San Francisco, CA, Gap Inc. (The) employs 135,000 people. After today’s trading, the company’s market cap has fallen to $6.27 billion, a P/S of n/a, a P/B of 1.73, and a P/FCF of n/a.
For all the attention paid to the Dow Jones Industrial Average (DJIA), it’s the S&P 500 that’s relied on by insiders and institutional investors. It represents the industry standard for American large-cap indices.
The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns. This is why its long-term returns is a much more reliable gauge for the performance of large- and mega-cap stocks over time.
