Gap Trading Higher Ahead Of Earnings Release

Gap Inc GPS is trading 4.3% higher Thursday afternoon, ahead of its second-quarter earnings release after the market close.

Traders may attribute this change in sympathy with other retail companies like Urban Outfitters URBN and Target TGT, both of which traded higher after reporting strong earnings.

Gap’s stock is trading around $17.67 at time of publication, which is near its 52-week low of $15.22. Gap’s 52-week high is $32.98.

As we wait for Gap to release its second-quarter earnings, it will be interesting to see if the company will correspond with the other retailers.

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