Shares of Gap Inc. GPS, -2.40% slipped 2.40% to $9.35 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX, +1.33% rising 1.33% to 4,146.22 and the Dow Jones Industrial Average DJIA, +1.14% rising 1.14% to 34,029.69. This was the stock’s second consecutive day of losses. Gap Inc. closed $6.14 below its 52-week high ($15.49), which the company reached on February 3rd.
The stock underperformed when compared to some of its competitors Thursday, as Amazon.com Inc. AMZN, +4.67% rose 4.67% to $102.40 and TJX Cos. TJX, +0.65% rose 0.65% to $77.20. Trading volume (11.2 M) eclipsed its 50-day average volume of 9.0 M.