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 $24,757 were sold by PAYNE ULICE JR on Dec 27 ’24. At $22.51 per share, PAYNE ULICE JR sold 1,100 shares. The insider’s holdings dropped to 18,301 shares worth approximately $0.38 million following the completion of this transaction.
Also, Ulice Payne Jr. purchased 1,100 shares, netting a total of over 24,651 in proceeds.
Before that, Vesa Equity Investment S.a r.l had sold 337,778 shares from its account. In a trade valued at $11,144,208, the 10% Owner traded Foot Locker Inc shares for $32.99 each. Upon closing the transaction, the insider’s holdings decreased to 337,778 shares, worth approximately $206.75 million.
As published in a research note from Telsey Advisory Group on December 05, 2024, Foot Locker Inc [FL] has been retained to a Market perform and the price target has been revised to $24. Analysts at Needham started covering the stock with ‘”a Buy”‘ outlook in a report released in late November. As of October 07, 2024, Gordon Haskett has initiated its “Accumulate” rating for FL. Earlier on August 29, 2024, Barclays upgraded its rating. Their new recommendation was “an Overweight” for FL stock which previously was a “an Equal weight”.
Analyzing FL Stock Performance
During the last five days, there has been a drop of approximately -5.51%. Over the course of the year, Foot Locker Inc shares have dropped approximately -5.51%. Shares of the company reached a 52-week high of $22.41 on 01/02/25 and a 52-week low of $20.52 on 01/08/25. A 50-day SMA is recorded $22.96, while a 200-day SMA reached $24.90. Nevertheless, trading volume fell to 2.44 million shares from 3.36 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 20.38, which, if violated, would cause prices to drop to 20.19. In the upper region, resistance lies at 20.89. The next price resistance is at 21.21. RSI (Relative Strength Index) is 35.25 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.89, which suggests the price will decrease in the coming days. Percent R is at 98.39%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
