Shares of Gap Inc. GPS, -3.76% slipped 3.76% to $9.98 Tuesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX, +1.65% rising 1.68% to 3,920.56 and the Dow Jones Industrial Average DJIA, +1.06% rising 1.06% to 32,155.40. This was the stock’s eighth consecutive day of losses. Gap Inc. closed $5.55 short of its 52-week high ($15.53), which the company reached on March 16th.
The stock underperformed when compared to some of its competitors Tuesday, as Amazon.com Inc. AMZN, +2.65% rose 2.65% to $94.88 and TJX Cos. TJX, +1.66% rose 1.66% to $74.76. Trading volume (14.1 M) eclipsed its 50-day average volume of 7.6 M.