Gap (GPS) Declines Amid No-Special Dividend Chatter
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Price: $40.64 -1.74%
Rating Summary:
15 Buy, 12 Hold, 5 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
15 Buy, 12 Hold, 5 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade GPS Now!
Gap (NYSE: GPS) experienced its biggest one-day drop in over a year, shedding 9 percent intraday to trade at its lowest level since August. The decline relates to reports that GAP will not pay a special dividend, as some supposed.
While probably true, Jefferies analysts point out that GAP never said previously that it would pay a special dividend. They view the decline as a buying opportunity.
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While probably true, Jefferies analysts point out that GAP never said previously that it would pay a special dividend. They view the decline as a buying opportunity.
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