Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. 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 $254.51 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 $276.71 million.
As published in their initiating research note from Needham on November 22, 2024, Foot Locker Inc [FL] has been a Buy and the price target has been revised to $27. Analysts at Gordon Haskett started covering the stock with ‘”a Accumulate”‘ outlook in a report released in early October. As of August 29, 2024, Barclays has increased its “an Equal weight” rating to a “an Overweight” for FL. Earlier on August 29, 2024, Telsey Advisory Group resumed its rating. Their recommendation was “a Market perform” for FL stock.
Analyzing FL Stock Performance
During the last five days, there has been a surge of approximately 12.79%. Over the course of the year, Foot Locker Inc shares have dropped approximately -18.75%. 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 $24.40, while a 200-day SMA reached $25.78. Nevertheless, trading volume fell to 3.82 million shares from 6.04 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 24.72, which, if violated, would cause prices to drop to 24.13. In the upper region, resistance lies at 25.73. The next price resistance is at 26.16. RSI (Relative Strength Index) is 60.19 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.94, which suggests the price will decrease in the coming days. Percent R is at 9.14%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
