Large Outflow of Money Witnessed in Foot Locker, Inc.

Foot Locker, Inc. (FL) traded on a positive note gaining 0.3 points or 0.44% to be valued at $68.84 per share. Intraday, the shares aggregated $0.19 million in upticks but saw an exodus of $2.01 million in downticks. The net money flow was calculated to be $(-1.82) million with the final up/down ratio coming in at 0.09. The share price has seen a change of 1.22% in value during the week. Block trade of up/down ratio of 0 was also registered with $0 million in upticks and $1.84 million in downticks. The net money flow for the block exchange was disappointing at $(-1.84) Million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Foot Locker, Inc. has lost 1.29% in the last five trading days and dropped 3.26% in the last 4 weeks. Foot Locker, Inc. is up 2.7% in the last 3-month period. Year-to-Date the stock performance stands at -3.26%. Foot Locker, Inc. (NYSE:FL) witnessed a decline in the market cap on Wednesday as its shares dropped 0.34% or 0.23 points. After the session commenced at $68.65, the stock reached the higher end at $68.87 while it hit a low of $67.57. With the volume soaring to 1,950,795 shares, the last trade was called at $68.31. The company has a 52-week high of $79.43. The company has a market cap of $9,042 million and there are 132,364,959 shares in outstanding. The 52-week low of the share price is $50.9.

Company has reported several Insider transactions to the SEC, on Dec 7, 2016, Jarobin Jr Gilbert (director) sold 1,000 shares at 76.23 per share price.On Dec 6, 2016, Paulette Alviti (SVP & Chief HR Officer) sold 10,000 shares at 75.30 per share price.On Dec 1, 2016, Matthew M Mckenna (director) sold 6,659 shares at 72.39 per share price.

Foot Locker Last issued its quarterly earnings results on Nov 18, 2016. The company reported $1.13 EPS for the quarter, beating the analyst consensus estimate by $ 0.03. Analyst had a consensus of $1.10. The company had revenue of $1886.00 million for the quarter, compared to analysts expectations of $1889.16 million. The companys revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.00 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Reiterated by Canaccord Genuity on Dec 5, 2016 to Buy, Raises Price Target to $ 83 from a previous price target of $79 .Foot Locker was Downgraded by Piper Jaffray to Neutral on Nov 21, 2016.

Foot Locker, Inc. is a leading global retailer operating primarily mall-based stores in North America, Europe, Asia and Australia. The company operates in two business segments, the Global Athletic Group and the Northern Group. The Global Athletic Group operates the following retail stores: Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, The Northern Group consists of four apparel formats: Northern Reflections, Northern Traditions, Northern Getaway and Northern Elements.


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