Gap jumps more than 20% after company's plan to split in two
splitting into two publicly-traded companies: Old Navy and "Newco" which will include Gap brand, Banana Republic
Shares of rose in Tuesday's extended session after the company's board approved a new $1 billion stock buyback program. The retailer also reaffirmed its annual dividend at 97 cents a share, or 24.25 cents per quarter. Gap shares were up 1% after hours.Gap stock price target cut to $22 from $24 at J.P. Morganby Tomi KilgoreGap stock price target cut to $23 from $25 at WedbushJan. 12, 2019 at 10:32 a.m.
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