Shares of Gap Inc. GPS, +2.88% rallied 2.88% to $25.40 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX, +0.56% rising 0.56% to 5,178.51 and the Dow Jones Industrial Average DJIA, +0.83% rising 0.83% to 39,110.76.
This was the stock’s ninth consecutive day of gains.
Gap Inc. hit a new 52-week high, surpassing its previous peak of $24.80, which the company reached on March 18th.
The stock outperformed some of its competitors Tuesday, as Amazon.com Inc. AMZN, +0.81% rose 0.81% to $175.90 and TJX Cos. TJX, +2.29% rose 2.29% to $98.42.
Trading volume (10.9 M) eclipsed its 50-day average volume of 7.4 M.