Foot Locker Inc’s recent filing unveils that its 10% Owner Vesa Equity Investment S.a r.l unloaded Company’s shares for reported $11.14 million on Aug 27 ’24. In the deal valued at $32.99 per share,337,778 shares were sold. As a result of this transaction, Vesa Equity Investment S.a r.l now holds 10,055,814 shares worth roughly $227.86 million.
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Then, Vesa Equity Investment S.a r.l sold 539,180 shares, generating $17,912,368 in total proceeds. Upon selling the shares at $33.22, the 10% Owner now owns 10,393,592 shares.
Before that, Vesa Equity Investment S.a r.l sold 213,520 shares. Foot Locker Inc shares valued at $7,032,089 were divested by the 10% Owner at a price of $32.93 per share. As a result of the transaction, Vesa Equity Investment S.a r.l now holds 10,932,772 shares, worth roughly $247.74 million.
Gordon Haskett initiated its Foot Locker Inc [FL] rating to a Accumulate in a research note published on October 07, 2024; the price target was $27. A number of analysts have revised their coverage, including Barclays’s analysts, who increased its forecast for the stock in late August from “an Equal weight” to “an Overweight”. Telsey Advisory Group also remained covering FL and reiterated its “Market perform” recommendation on August 29, 2024.
Price Performance Review of FL
On Monday, Foot Locker Inc [NYSE:FL] saw its stock fall -6.01% to $22.66. Over the last five days, the stock has lost -12.31%. Foot Locker Inc shares have fallen nearly -27.26% since the year began. Nevertheless, the stocks have risen 19.08% over the past one year. While a 52-week high of $35.60 was reached on 02/23/24, a 52-week low of $18.08 was recorded on 05/01/24. SMA at 50 days reached $28.39, while 200 days put it at $26.80.
Levels Of Support And Resistance For FL Stock
The 24-hour chart illustrates a support level at 22.06, which if violated will result in even more drops to 21.45. On the upside, there is a resistance level at 23.75. A further resistance level may holdings at 24.83. The Relative Strength Index (RSI) on the 14-day chart is 29.56, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.52, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.21%. Stochastics %K at 7.24% 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 2024-09-13, dropping by -2.43 million shares to a total of 9.45 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 11.88 million shares. There was a decline of -25.72%, which implies that there is a negative sentiment for the stock.
