Gap Shares Surge on Leadership Change and Profit Beat Amid Sales Decline

Gap Up on Leadership Shift; Shein's Market Debut | Stock Movers

On this episode of Stock Movers: - Gap (GAP) shares jumped after naming a retail industry veteran to head Old Navy and profit outpaced estimates, offsetting a sales decline at the value chain and lower sales guidance. - Apple's (AAPL) Tim Cook handed over the reins to John Ternus on Tuesday, capping a tenure as chief executive officer that cemented the company as an iconic global brand and turned its stock into one of the most reliable bets. - Shein Global Holdings’ shares long-awaited marke...