Foot Locker (NYSE:FL) has tumbled 3.66% during the past week and has dropped 2.04% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 2.51%. Foot Locker (NYSE:FL) has underperformed the index by 2.94% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Foot Locker (NYSE:FL): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $53.23 and $52.70 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $53.74. The buying momentum continued till the end and the stock did not give up its gains. It closed at $53.65, notching a gain of 0.66% for the day. The total traded volume was 3,420,427 . The stock had closed at $53.30 on the previous day.
The company shares have dropped -16.42% from its 1 Year high price. On Sep 25, 2015, the shares registered one year high at $77.25 and the one year low was seen on Jun 17, 2016. The 50-Day Moving Average price is $57.14 and the 200 Day Moving Average price is recorded at $62.54.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Mckenna Matthew M, director of Foot Locker, Inc., had unloaded 10,628 shares at an average price of $62.35 in a transaction dated on April 8, 2016. The total value of the transaction was worth $662,656.
Many analysts have stated their opinion on the company shares. Brokerage firm Deutsche Bank maintains its rating on Foot Locker (NYSE:FL). As per the latest information, the brokerage house lowers the price target to $79 per share from a prior target of $80. The shares have been rated Buy. The rating by the firm was issued on May 16, 2016. 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%.
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.