Shares of Gap Inc. GPS, +0.52% inched 0.52% higher to $17.28 Thursday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX, +0.62% rising 0.62% to 4,725.79 and the Dow Jones Industrial Average DJIA, +0.55% rising 0.55% to 35,950.56. This was the stock’s third consecutive day of gains. Gap Inc. closed $20.35 short of its 52-week high ($37.63), which the company achieved on May 18th.
The stock underperformed when compared to some of its competitors Thursday, as H&M Hennes & Mauritz AB ADR HNNMY, +2.12% rose 2.12% to $3.85, Urban Outfitters Inc. URBN, +2.50% rose 2.50% to $29.12, and American Eagle Outfitters Inc. AEO, +0.91% rose 0.91% to $23.25. Trading volume (4.6 M) remained 4.8 million below its 50-day average volume of 9.4 M.