HomeInvestingOptionsGap (GPS) Stock Price Slides Amid Cutting Sales Guidance & Old Navy CEO Leaving
Gap (GPS) Stock Price Slides Amid Cutting Sales Guidance & Old Navy CEO Leaving

Gap (GPS) stock price is down over 65% this past year. Deutsche Bank recently cut the Gap (GPS) stock price target to $17 from $26. The GPS shares dropped after cutting guidance and the departure of Old Navy CEO. Alex Coffey weighs in on GPS bottoming out during the pandemic. He also discusses an example trade to buy a put calendar with a bearish direction on Gap (GPS). Jenny Horne discusses how this company could be problematic in the future as it has an identity crisis. However, Gap still has a $4B valuation. Could a short squeeze occur with the GPS stock? Tune in for the full discussion.

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