Gap Inc (GPS.US) shares tumbled more than 7% during today's session after Morgan Stanley downgraded the apparel retailer’s stock to “underweight” from “equal-weight” with a target of $14.00 saying it forecasts all mall-based retailers' margins to revert back to a declining path seen before the pandemic started. Morgan Stanley also found out that GAP estimates have not properly factored in how higher promotions, increased shipping expenses through higher e-commerce penetration and ongoing air freight headwinds may offset GPS' rent, occupancy, & depreciation leverage from store closures.
Gap Inc (GPS.US) stock launched today's session with a bearish price gap and is heading towards major support at $16.00 which is marked with lower limit of the 1:1 structure, previous price reactions and earlier broken lower limit of the descending channel. Should break lower occur, downward move may accelerate towards the support zone around $14.00. Source: xStation5
US Open: Wall Street Rebounds After US Iran Ceasefire
Economic Calendar: What you need to watch closely this week❓ (27.07.2026)
Morning Wrap: The weekend slump in oil prices is accelerating 💥 (27.07.2026)
Daily Summary: Equities Diverge as Tech Lags, Europe Rallies on Earnings & PMIs (24.07.2026)