Gap's Stock Crosses $30 For The First Time In A Year

Gap Inc GPS shares are trading higher by $1.84 (7 percent) at $29.31 in Friday's session.

After Thursday's close, the company reported a Q3 EPS of 3 cents along with a sales beat of $78 million.

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After a higher open, Gap had a brief retreat to $28.85 before continuing its move higher. The follow through rally took the stock to $30.14, but it hasn't been able to stay in the $30.00 handle.

That high marks the first time Gap's stock has been over $30.00 since November 2016 when it peaked at $30.74. It weakened that month at $24.97 and went on to make a multi-year low at$21.02 in July.