GPS - Board Member Of Gap Sold $68K In Stock | Benzinga
Tracy Gardner, Board Member at Gap (NYSE:GPS), executed a substantial insider sell on July 1, according to an SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Monday showed that Gardner sold 2,934 shares of Gap. The total transaction amounted to $68,890.
During Tuesday's morning session, Gap shares down by 1.5%, currently priced at $22.92.
Unveiling the Story Behind Gap
Gap retails apparel, accessories, and personal-care products under the Gap, Old Navy, Banana Republic, and Athleta brands. Old Navy generates more than half of Gap's sales. The firm also operates e-commerce sites, outlet stores, and specialty stores under various Gap names. Gap operates approximately 2,600 stores in North America, Europe, and Asia and franchises about 1,000 more in Asia, Europe, Latin America, and other regions. Gap was founded in 1969 and is based in San Francisco.
A Deep Dive into Gap's Financials
Revenue Growth: Over the 3 months period, Gap showcased positive performance, achieving a revenue growth rate of 3.42% as of 30 April, 2024. This reflects a substantial increase in the company's top-line earnings. When compared to others in ...