Market Overview

Gap Trading Higher Ahead Of Earnings Release

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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.

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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