5 Trending Stocks to Watch on Monday

1. The Gap, Inc. (NYSE:GPS) has crashed 5.90% as of 11:00 AM ET after the shares of the San Francisco, California-based apparel retailer was downgraded by Paul Lejuez at Citi. The downgrade takes place after the stocks in the retail sector crashed last week due to supply chain-related challenges and margin compression because of rising costs. The analyst highlighted that the discretionary sector has come under pressure as the consumers are forced to divert more funds towards food and fuel-related expenses. Last year, the customers had their hands on stimulus checks, which played in favor of apparel retailers like The Gap, Inc. (NYSE:GPS).

As of Q4 2021, The Gap, Inc. (NYSE:GPS) was held by 30 hedge funds, with a combined value of $276.31 million. Citadel Investment Group is the leading investor in The Gap, Inc. (NYSE:GPS) as of Q1 2022.

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