Large Outflow of Money Witnessed in Foot Locker

Foot Locker (FL) : Money flow in the Foot Locker (FL) stock was negative (7.67 million) on Friday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $11.3 million, compared to $18.98 million on downticks. The total uptick to downtick ratio was 0.6, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($8 million), indicating selling on the strength. Downtick transaction value in block trades amounted to $8 million, indicating persistent selling. Foot Locker (FL) traded $0.47 higher at $66 gaining 0.72% over the previous days close.


The company Insiders own 2.9% of Foot Locker shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -7.21% . Institutional Investors own 98.12% of Foot Locker shares. During last six month period, the net percent change held by insiders has seen a change of -18.59%.

In a related news, Peters Lauren B, officer (EVP & Chief Financial Officer) of Foot Locker, Inc., unloaded 20,000 shares at an average price of $68 on August 22, 2016. The total amount of the transaction was worth $1,360,000, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Foot Locker (NYSE:FL): The stock opened at $65.32 and touched an intraday high of $66.38 on Friday. During the day, the stock corrected to an intraday low of $65.26, however, the bulls stepped in and pushed the price higher to close in the green at $66 with a gain of 0.72% for the day. The total traded volume for the day was 1,158,977. The stock had closed at $65.53 in the previous trading session.

Foot Locker (FL) has risen sharply, recording gains of 12.26% in the past 4 weeks. However, the stock has corrected -0.81% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 12.41% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

Foot Locker, Inc. is a retailer of shoes and apparel. The Company operates in two segments: Athletic Stores and Direct-to-Customers. The Athletic Stores segment is an athletic footwear and apparel retailer whose formats include Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Footaction and SIX:02, as well as the retail stores of Runners Point Group, including Runners Point and Sidestep. The Direct-to-Customers segment includes, Inc. and other affiliates, including Eastbay, Inc., and the direct-to-customer subsidiary of Runners Point Group, which sell to customers through their Internet and mobile sites and catalogs. As of January 31, 2015, the Company operated 3,423 primarily mall-based stores in the United States, Canada, Europe, Australia and New Zealand. As of January 31, 2015, the Company operated a total of 78 franchised stores, of which 31 are in the Middle East, 27 in Germany and Switzerland, and 20 in the Republic of Korea.

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