Gap Stock Rises on Report of January Sales Growth

Shares of Gap are rising in after-hours trading on Monday after the retailer reported that same-store and net sales increased in January and in its fourth quarter. The Gap stock is rising nearly 3% to $23.63 a share in after-hours trading on Monday after the San Francisco-based company reported that its 2016 fourth quarter and January sales were up after a dismal holiday season for retailers.