Jim Cramer Reveals What The Gap, Inc. (GAP)’s CEO Told Him While Stock Was Halted For Trading

We recently published 12 Stocks Jim Cramer Discussed As Part Of His Big Tech Deep Dive. The Gap, Inc. (NYSE:GAP) is one of the stocks Jim Cramer recently discussed.

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Thursday was an interesting day for The Gap, Inc. (NYSE:GAP)’s shares as they were briefly halted for trading. However, they closed the day 5.9% higher after the firm announced a push into cosmetics and accessories. Cramer discussed the halt and his conversation with the CEO while trading was frozen:

“[On a halt in shares] I just had Richard Dickson on last week. He was fantastic. I thought he had great, the stock went from 22 down to 20 and then came back to 22. Because he really did have a good quarter, let’s see, Dickson’s been, Dickson just changed [inaudible] person who was in Athleta, because that division was down 11%. But he had very good Banana Republic. I think there are people who feel like the turnaround has stalled, I’m not buying that I think that he continues to push and push. Not as great as Macy’s, which was fabulous.

“I’m a big believer that this is a longer-term turn, and that Dickson is doing the right thing. Stock did fall from 28 to 21. There was very big dispirited action after the company reported because there was a belief that he really missed. And you know he missed the, there’s a, it’s a lot of moving parts to GAP. Lot of moving parts. Don’t know what’s going on.

“. . uh, you know here’s what he’s [Dickson] saying to me, I’m literally walking, he’s walking [inaudible] the station to Goldman, going to have his team get in touch, but it’s a presentation about to be made and he had to get ahead of it. Ahead of the Goldman presentation. And I think that’s really important. People have to recognize, a lot of news being made at these things.

“I mean look, GAP,  I mean now GAP is up 10% from where Richard Dickson allegedly had a not great quarter because he introduces cosmetics stop trading at a conference. And I just think that people are excited if there’s something exciting about retail, then people are buying.”

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Disclosure: None. This article is originally published at Insider Monkey.