Shares of Gap Inc. GPS, -1.12% slipped 1.61% to $23.27 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX, 0.15% rising 0.37% to 4,630.65 and the Dow Jones Industrial Average DJIA, 0.36% rising 0.39% to 36,052.63. Gap Inc. closed $14.36 short of its 52-week high ($37.63), which the company reached on May 18th.
The stock underperformed when compared to some of its competitors Tuesday, as H&M Hennes & Mauritz AB ADR HNNMY, +2.19% fell 1.03% to $3.78, Urban Outfitters Inc. URBN, -0.42% rose 0.43% to $32.81, and American Eagle Outfitters Inc. AEO, -0.73% fell 1.03% to $25.06. Trading volume (5.6 M) remained 2.5 million below its 50-day average volume of 8.1 M.