Large Outflow of Money Witnessed in Foot Locker

Foot Locker (NYSE:FL) traded on a positive note gaining 0.04 points or 0.07% to be valued at $55.69 per share. Intraday, the shares aggregated $20.42 million in upticks but saw an exodus of $26.69 million in downticks. The net money flow was calculated to be $(-6.27) million with the final up/down ratio coming in at 0.77. The share price has seen a change of 1.53% in value during the week. Block trade of up/down ratio of 0.18 was also registered with $1.74 million in upticks and $9.54 million in downticks. The net money flow for the block exchange was disappointing at $(-7.8) Million.


Currently the company Insiders own 2.9% of Foot Locker shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -20.14% . Institutional Investors own 98.79% of Foot Locker shares. During last six month period, the net percent change held by insiders has seen a change of -11.51%. On the companys insider trading activities,The director of Foot Locker, Inc., Mckenna Matthew M sold 10,628 shares at $62.35 on April 8, 2016. The Insider selling transaction had a total value worth of $662,656. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Foot Locker (NYSE:FL) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.67 points or 1.2% at $55.02 with 1,965,217 shares getting traded. Post opening the session at $55.29, the shares hit an intraday low of $55.01 and an intraday high of $55.76 and the price was in this range throughout the day. The company has a market cap of $7,445 million and the number of outstanding shares have been calculated to be 135,309,040 shares. The 52-week high of Foot Locker (NYSE:FL) is $77.25 and the 52-week low is $53.665.

Many analysts have stated their opinion on the company shares. Deutsche Bank maintains its rating on Foot Locker (NYSE:FL). The global brokerage major lowers the current price target from $80 per share to $79 per share. Analysts at the Deutsche Bank have a current rating of Buy on the shares. The rating by the firm was issued on May 16, 2016.

Foot Locker, Inc. is a retailer of shoes and apparel. The Company operates in two segments: Athletic Stores and Direct-to-Customers. The Athletic Stores segment is an athletic footwear and apparel retailer whose formats include Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Footaction and SIX:02, as well as the retail stores of Runners Point Group, including Runners Point and Sidestep. The Direct-to-Customers segment includes, Inc. and other affiliates, including Eastbay, Inc., and the direct-to-customer subsidiary of Runners Point Group, which sell to customers through their Internet and mobile sites and catalogs. As of January 31, 2015, the Company operated 3,423 primarily mall-based stores in the United States, Canada, Europe, Australia and New Zealand. As of January 31, 2015, the Company operated a total of 78 franchised stores, of which 31 are in the Middle East, 27 in Germany and Switzerland, and 20 in the Republic of Korea.

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