Foot Locker, Inc. (FL) Files Form 4 Insider Selling : Jarobin Jr Gilbert Sells 1,000 Shares

Foot Locker, Inc. (FL): Jarobin Jr Gilbert , director of Foot Locker, Inc. sold 1,000 shares on Jul 8, 2016. The Insider selling transaction was reported by the company on Jul 11, 2016 to the Securities and Exchange Commission. The shares were sold at $57.35 per share for a total value of $57,355.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 12, 2016, Matthew M Mckenna (director) sold 10,628 shares at $62.35 per share price.On Apr 6, 2016, Giovanna Cipriano (SVP & Chief Accounting Officer) sold 22,000 shares at $62.21 per share price.Also, On Mar 30, 2016, Jarobin Jr Gilbert (director) sold 5,000 shares at $65.77 per share price.On Mar 21, 2016, Robert W Mchugh (EVP – Operations Support) sold 40,000 shares at $65.00 per share price.

Foot Locker: On Friday, Jul 8, 2016 heightened volatility was witnessed in Foot Locker which led to swings in the share price. The shares opened for trading at $56.11 and hit $57.52 on the upside , eventually ending the session at $57.41, with a gain of 3.72% or 2.06 points. The heightened volatility saw the trading volume jump to 28,36,008 shares. The 52-week high of the share price is $77.25 and the company has a market cap of $7,768 M . The 52-week low of the share price is at $50.9.

Foot Locker Money Flow Index Chart

Company has been under the radar of several Street Analysts.Foot Locker is Reiterated by Telsey Advisory Group to Outperform while Lowering the Price Target of the company shares to $ 72 from a previous price target of $78 . The Rating was issued on May 23, 2016.Foot Locker is Reiterated by Canaccord Genuity to Buy while Lowering the Price Target of the company shares to $ 75 from a previous price target of $81 . The Rating was issued on May 23, 2016.Foot Locker is Upgraded by Piper Jaffray to Overweight. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Apr 13, 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 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 3423 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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