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 $252.8 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 $274.85 million.
Needham initiated its Foot Locker Inc [FL] rating to a Buy in a research note published on November 22, 2024; the price target was $27. A number of analysts have revised their coverage, including Gordon Haskett’s analysts, who began to cover the stock in early October with a ‘”a Accumulate”‘ rating. Barclays also remained covering FL and has increased its forecast on August 29, 2024 with a “an Overweight” recommendation from previously “an Equal weight” rating. Telsey Advisory Group maintained its rating on August 29, 2024. It rated FL as “a Market perform”.
Price Performance Review of FL
On Monday, Foot Locker Inc [NYSE:FL] saw its stock fall -0.04% to $25.14. Over the last five days, the stock has gained 8.69%. Foot Locker Inc shares have fallen nearly -19.29% since the year began. Nevertheless, the stocks have fallen -6.65% over the past one year. While a 52-week high of $35.60 was reached on 02/23/24, a 52-week low of $20.47 was recorded on 05/01/24. SMA at 50 days reached $24.26, while 200 days put it at $25.72.
Levels Of Support And Resistance For FL Stock
The 24-hour chart illustrates a support level at 24.70, which if violated will result in even more drops to 24.25. On the upside, there is a resistance level at 25.69. A further resistance level may holdings at 26.23. The Relative Strength Index (RSI) on the 14-day chart is 58.58, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.30, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 15.63%. Stochastics %K at 87.31% indicates the stock is a selling.
How much short interest is there in Foot Locker Inc?
A steep rise in short interest was recorded in Foot Locker Inc stocks on 2024-11-15, dropping by -0.88 million shares to a total of 8.82 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 9.7 million shares. There was a decline of -10.01%, which implies that there is a negative sentiment for the stock.
