Why Gap, Inc. Stock Jumped 25% in September
Shares of Gap Inc. (NYSE: GPS) climbed 25% in September, according to data from S&P Global Market Intelligence, as Wall Street applauded the clothing retailer's new long-term growth strategy.
More specifically, Gap stock first jumped 7.4% on Sept. 6, 2017, when the company announced plans to focus future growth on its outperforming Old Navy and Athleta brands, expand investments in its online and digital capabilities, and drive significant expense savings over the next three years.
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Source: Fool.com