Foot Locker Inc’s recently made public that its President & CEO Dillon Mary N acquired Company’s shares for reported $0.1 million on Sep 08 ’23. In the deal valued at $18.17 per share,5,510 shares were bought. As a result of this transaction, Dillon Mary N now holds 27,649 shares worth roughly $0.67 million.
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UBS upgraded its Foot Locker Inc [FL] rating to a Neutral from a a Sell in a research note published on March 11, 2024; the price target was increased to $23 from $12. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who decreased its forecast for the stock in early March from “an Outperform” to “a Market perform”. Telsey Advisory Group also remained covering FL and reiterated its “an Outperform” recommendation on March 01, 2024. Piper Sandler revised its rating on December 14, 2023. It rated FL as “an Overweight” which previously was an “a Neutral”.
Price Performance Review of FL
On Monday, Foot Locker Inc [NYSE:FL] saw its stock fall -0.21% to $24.15. Over the last five days, the stock has lost -28.76%. Foot Locker Inc shares have fallen nearly -22.47% since the year began. Nevertheless, the stocks have fallen -45.19% over the past one year. While a 52-week high of $47.00 was reached on 02/23/24, a 52-week low of $14.84 was recorded on 03/06/24. SMA at 50 days reached $29.90, while 200 days put it at $25.23. A total of 3.72 million shares were traded, compared to the trading of 9.39 million shares in the previous session.
Levels Of Support And Resistance For FL Stock
The 24-hour chart illustrates a support level at 23.79, which if violated will result in even more drops to 23.43. On the upside, there is a resistance level at 24.73. A further resistance level may holdings at 25.30. The Relative Strength Index (RSI) on the 14-day chart is 29.75, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -7.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.68%. Stochastics %K at 8.96% indicates the stock is a buying.
How much short interest is there in Foot Locker Inc?
A steep rise in short interest was recorded in Foot Locker Inc stocks on Feb 15, 2024, growing by 1.13 million shares to a total of 12.61 million shares. Yahoo Finance data shows the prior-month short interest on Jan 12, 2024 was 11.48 million shares. There was a rise of 8.96%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 24.01% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.85.
The most recent change occurred on November 30, 2023 when Telsey Advisory Group resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $31.
