Gap, Inc. (GPS) PT Lowered to $17 at Deutsche Bank
- Stocks gear up for Big Tech earnings; yen toys with danger zone
- JPMorgan is worried about further S&P 500 sell-off potential
- Oil rises on robust EU data as Mideast tensions linger
- China acquired top-end Nvidia AI chips despite recent US ban- Reuters
- SAP Q1 results fall short of Wall Street estimates as transformation kicks off
- Fisker (FSR) Appoints Michael Healy as Chief Restructuring Officer
- Kroger (KR), Albertsons and C&S Wholesale Grocers Announce an Updated and Expanded Divestiture Plan
- Costar Group (CSGP) to Acquire Matterport (MTTR) for $5.50/sh Cash and Stock
- Jaguar Health (JAGX) Files $75M Mixed Shelf
- Apple (AAPL) PT Lowered to $210 at Morgan Stanley, 'We'd buy post-earnings weakness'
- After-hours movers: Cadence Design Systems, Cleveland-Cliffs, Riot Platforms, and more
- Midday movers: Tesla, Li Auto and CNH Industrial fall; Salesforce rises
- Midday movers: Netflix, Super Micro fall; Paramount Global gains
- After-hours movers: Netflix, Intuitive Surgical, Nordstrom, KB Home
- Midday movers: Tesla, Blackstone, Las Vegas Sands fall; DR Horton rises
Gap (GPS) Stock Plunges After Cutting Outlook, Announcing Nancy Green Will Leave the Company, Analysts Disappointed
April 22, 2022 7:50 AM EDTGap (NYSE: GPS) announced the departure of Nancy Green, CEO of the companys Old Navy business. Green is set to step down from her role this week, while Gap CEO Sonia Syngal and the Old Navy team will work together to find Greens replacement.
Furthermore, the clothing retailer also lowered the net sales outlook for its Old Navy division in Q1 2022, with the company now expecting low-to mid-teens declines from the year-ago period, compared to the previous guidance that projected mid- to high-single-digit declines.
Greens unexpected exit from Gap... More