Wanda purchased 100 shares of ABC stock five years ago for $10,000. She recently gifted the stock to her brother, Keith. On the date of the gift, the stock had a fair market value of $7,500. Six months after receiving the stock, Keith decides to sell the stock. Which of the following statements is correct?

If Keith sells the stock for $6,750, he will have a short-term capital loss.

If Keith sells the stock for $7,000, he will have a long-term capital loss.

If Keith sells the stock for $8,000, he will have a long-term capital gain.

If Keith sells the stock for $11,000, he will have a short-term capital gain.