Shares of Gap Inc. GPS, -3.98% slid 3.89% to $14.08 Thursday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX, +0.34% falling 1.57% to 4,530.41 and Dow Jones Industrial Average DJIA, +0.40% falling 1.56% to 34,678.35. This was the stock’s second consecutive day of losses. Gap Inc. closed $23.55 short of its 52-week high ($37.63), which the company reached on May 18th.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as H&M Hennes & Mauritz AB ADR HNNMY, +3.03% fell 14.01% to $2.64, Urban Outfitters Inc. URBN, -1.59% fell 2.67% to $25.11, and American Eagle Outfitters Inc. AEO, -4.46% fell 2.55% to $16.80. Trading volume (8.0 M) remained 3.0 million below its 50-day average volume of 11.0 M.