Foot Locker (FL) : Wednesdays money flow analysis of Foot Locker (FL) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $6.19 million. In comparison, the inflow of money on upticks was a meager $4.1 million. The dollar value of composite uptick trades minus the downtick trades was negative $2.09 million. The uptick to downtick ratio of 0.66 in the money flow shows weakness. The uptick block trades were valued at $1.36 million. The downtick transaction value was high at $2.87 million, which denotes distribution on strength. The uptick to downtick ratio of block trades was 0.47. Hence, the net money flow in the stock was negative ($1.5 million). Foot Locker (FL) gained $0.01 at $58.45, a change of 0.02% over the previous days close.
Also, 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 (NYSE:FL): The stock opened at $58.48 on Wednesday but the bulls could not build on the opening and the stock topped out at $58.63 for the day. The stock traded down to $58.18 during the day, due to lack of any buying support eventually closed down at $58.32 with a loss of -0.21% for the day. The stock had closed at $58.44 on the previous day. The total traded volume was 1,267,033 shares.
The stock has recorded a 20-day Moving Average of 5.15% and the 50-Day Moving Average is 4.79%. In a related news, The director, of Foot Locker, Inc., Gilbert Jarobin Jr had unloaded 1,000 shares at $57.35 per share in a transaction on July 8, 2016. The total value of transaction was $57,350. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
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 Footlocker.com, 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.