$GPS is one of biggest losers #stocks today. read more:

Gap, Inc. (The) Common Stock (symbol: GPS) was one of the worst losers of
the trading day today (2016-01-08), losing -14.32%. The number of shares
that changed hands was 17,615,208, or about 3 times the average daily
volume in the stock.
The closing price was $22.91, amounting to a market cap of $9,210,000,000,
about -47.81% off the highest price in the last 12 months. The stock has
been trading at a range between $22.63 and $43.9.
GPS is in the Clothing/Shoe/Accessory Stores industry, part of the Consumer
Services sector.
Looking at its valuation, the stock is now trading at 9.37 times earnings.