Shares of Gap Inc. GPS, 2.08% shed 0.85% to $17.56 Wednesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index SPX, 1.53% falling 0.15% to 4,349.93 and Dow Jones Industrial Average DJIA, 1.56% falling 0.38% to 34,168.09. The stock’s fall snapped a two-day winning streak. Gap Inc. closed $20.07 below its 52-week high ($37.63), which the company achieved on May 18th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as H&M Hennes & Mauritz AB ADR HNNMY, +2.10% rose 0.58% to $3.71, Urban Outfitters Inc. URBN, 2.22% fell 2.68% to $28.33, and American Eagle Outfitters Inc. AEO, 4.29% fell 4.31% to $22.63. Trading volume (9.3 M) remained 581,731 below its 50-day average volume of 9.9 M.