Foot Locker (FL) : Traders are bullish on Foot Locker (FL) as it has outperformed the S&P 500 by a wide margin of 15.29% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 12.06%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 12.02% in the last 1 week, and is up 15.73% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Foot Locker, Inc. is up 25.64% in the last 3-month period. Year-to-Date the stock performance stands at 6.63%. The stock has recorded a 20-day Moving Average of 14.97% and the 50-Day Moving Average is 20.09%.
Foot Locker (NYSE:FL): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $64.58 and $64.11 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $69.00. The buying momentum continued till the end and the stock did not give up its gains. It closed at $68.49, notching a gain of 11.04% for the day. The total traded volume was 11,839,703 . The stock had closed at $61.68 on the previous day.
Also, Susquehanna initiates coverage on Foot Locker (NYSE:FL). The current rating of the shares is Positive, according to the research report released by the firm. The brokerage firm announces the price target at $73 per share. The rating by the firm was issued on August 12, 2016.
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 Footlocker.com, 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.