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Gap Inc (NYSE:GPS) is trading 4.3% higher Thursday afternoon, ahead of its second-quarter earnings release after the market close.
Traders may attribute this change in sympathy with other retail companies like Urban Outfitters (NASDAQ:URBN) and Target (NYSE:TGT), both of which traded higher after reporting strong earnings.
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Gap’s stock is trading around $17.67 at time of publication, which is near its 52-week low of $15.22. Gap’s 52-week high is $32.98.
As we wait for Gap to release its second-quarter earnings, it will be interesting to see if the company will correspond with the other retailers.
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Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.