Large Inflow of Money Detected in Foot Locker

Foot Locker (FL) : $32.58 million worth of transactions were on upticks in Foot Locker (FL), compared to $14.16 million on downticks. The ratio between the two was 2.3, whereas, the net money flow stood at a healthy $18.42 million on Tuesdays session.The block trades show a bullish bias with only $1.42 million worth of transactions done on downticks. The consistent buying on upticks in the stock accounted for $18.37million worth of trades. The up-down ratio between the uptick and downtick was 12.94, confirming that the stronger hands have been buying the stock on every weakness. The total money flow into the stock stood at $16.95 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -1.26%. The stock was trading at $65.6, with a drop of $0.84 over the previous days close. The stock recorded -1.41% for the week.


Also, Major Brokerage house, UBS maintains its ratings on Foot Locker (NYSE:FL). In the latest research report, UBS raises the target price from $69 per share to $76 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on August 22, 2016.

Foot Locker, Inc. has dropped 4.15% in the last five trading days, however, the shares have posted positive gains of 9.66% in the last 4 weeks. Foot Locker, Inc. is up 20.06% in the last 3-month period. Year-to-Date the stock performance stands at 2.13%.

Foot Locker (NYSE:FL): The stock opened at $65.85 on Tuesday but the bulls could not build on the opening and the stock topped out at $66.33 for the day. The stock traded down to $65.33 during the day, due to lack of any buying support eventually closed down at $65.60 with a loss of -1.26% for the day. The stock had closed at $66.44 on the previous day. The total traded volume was 1,542,715 shares.

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, 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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.