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Gap Inc. Announces Ticker Symbol Change to GAP
Introduction
Gap Inc. (NYSE: GPS), a leading global retailer of apparel and accessories, has announced that it will be changing its ticker symbol from GPS to GAP. The change is expected to take effect on August 22, 2024.
Reasons for the Change
The company stated that the ticker symbol change is intended to better align with its brand identity and to simplify its stock symbol for investors and the financial community.
Benefits of the Change
- Improved brand recognition
- Simplified stock symbol
- Increased investor and financial community awareness
Implementation Details
- Effective date: August 22, 2024
- Current ticker symbol: GPS
- New ticker symbol: GAP
Impact on Investors
The ticker symbol change will not affect the underlying value or ownership of Gap Inc. shares. Shareholders will not need to take any action.
Additional Information
For more information about the ticker symbol change, please visit the Gap Inc. website or contact the company's investor relations department.
About Gap Inc.
Gap Inc. is a leading global retailer of apparel and accessories. The company operates over 3,300 stores in over 50 countries, including its iconic Gap, Old Navy, and Banana Republic brands.