KD Logo

Potential Price Increase for Foot Locker Inc (FL) After Recent Insider Activity

Foot Locker Inc’s recent filing unveils that its Director PAYNE ULICE JR unloaded Company’s shares for reported $24757.0 on Dec 27 ’24. In the deal valued at $22.51 per share,1,100 shares were sold. As a result of this transaction, PAYNE ULICE JR now holds 18,301 shares worth roughly $0.33 million.

Then, Ulice Payne Jr. bought 1,100 shares, generating $24,651 in total proceeds.

Before that, Vesa Equity Investment S.a r.l sold 337,778 shares. Foot Locker Inc shares valued at $11,144,208 were divested by the 10% Owner at a price of $32.99 per share. As a result of the transaction, Vesa Equity Investment S.a r.l now holds 10,055,814 shares, worth roughly $180.8 million.

Needham reiterated its Foot Locker Inc [FL] rating to a Buy in a research note published on January 24, 2025; the price target was $24. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in early December has reiterated a ‘”a Market perform”‘ rating for it. Needham began covering FL with “Buy” recommendation on November 22, 2024. Gordon Haskett started covering the stock on October 07, 2024. It rated FL as “a Accumulate”.

Price Performance Review of FL

On Friday, Foot Locker Inc [NYSE:FL] saw its stock fall -1.21% to $17.98. Over the last five days, the stock has lost -11.47%. Foot Locker Inc shares have fallen nearly -17.37% since the year began. Nevertheless, the stocks have fallen -46.05% over the past one year. While a 52-week high of $35.60 was reached on 01/02/25, a 52-week low of $18.04 was recorded on 02/24/25. SMA at 50 days reached $20.61, while 200 days put it at $24.36.

Levels Of Support And Resistance For FL Stock

The 24-hour chart illustrates a support level at 17.64, which if violated will result in even more drops to 17.30. On the upside, there is a resistance level at 18.35. A further resistance level may holdings at 18.72. The Relative Strength Index (RSI) on the 14-day chart is 35.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.72, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.43%. Stochastics %K at 17.32% indicates the stock is a buying.

Most Popular