The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Foot Locker Inc shares valued at $11,144,208 were sold by Vesa Equity Investment S.a r.l on Aug 27 ’24. At $32.99 per share, Vesa Equity Investment S.a r.l sold 337,778 shares. The insider’s holdings dropped to 10,055,814 shares worth approximately $234.4 million following the completion of this transaction.
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Also, Vesa Equity Investment S.a r.l sold 539,180 shares, netting a total of over 17,912,368 in proceeds. Following the sale of shares at $33.22 each, the insider now holds 10,393,592 shares.
Before that, Vesa Equity Investment S.a r.l had sold 213,520 shares from its account. In a trade valued at $7,032,089, the 10% Owner traded Foot Locker Inc shares for $32.93 each. Upon closing the transaction, the insider’s holdings decreased to 213,520 shares, worth approximately $254.84 million.
As published in their initiating research note from Gordon Haskett on October 07, 2024, Foot Locker Inc [FL] has been a Accumulate and the price target has been revised to $27. Analysts at Barclays upgraded the stock from ‘”an Equal weight”‘ to ‘”an Overweight”‘ outlook in a report released in late August. As of August 29, 2024, Telsey Advisory Group has reiterated its “Market perform” rating for FL.
Analyzing FL Stock Performance
During the last five days, there has been a drop of approximately -2.43%. Over the course of the year, Foot Locker Inc shares have dropped approximately -25.17%. Shares of the company reached a 52-week high of $35.60 on 02/23/24 and a 52-week low of $20.47 on 05/01/24. A 50-day SMA is recorded $28.06, while a 200-day SMA reached $26.67. Nevertheless, trading volume fell to 2.61 million shares from 2.71 million shares the previous day.
Support And Resistance Levels for Foot Locker Inc (FL)
According to the 24-hour chart, there is a support level at 22.92, which, if violated, would cause prices to drop to 22.54. In the upper region, resistance lies at 23.71. The next price resistance is at 24.12. RSI (Relative Strength Index) is 34.51 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.78, which suggests the price will decrease in the coming days. Percent R is at 85.94%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
