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Thank Kanye West's Yeezy for Sending Gap Stock Flying This Morning

TheMotleyFool

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Thank Kanye West's Yeezy for Sending Gap Stock Flying This Morning

Shares of Gap (NYSE: GPS) were flying higher on Friday morning after the company announced a partnership with Kanye West's fashion brand, Yeezy. As of 10:40 a.m. EDT, the stock was up 32% but had traded as much as 42% higher.

It's the best news Gap shareholders have had in a while. Even with this morning's eye-popping gains, the stock is still down around 30% from 52-week highs and down 22% since this time last year.