Foot Locker Inc. (FL) Moves Higher on Volume Spike for August 20

Equities Staff  |

Foot Locker Inc. (FL) traded on unusually high volume on Aug. 20, as the stock gained 2.09% to close at $51.76. On the day, Foot Locker Inc. saw 3.91 million shares trade hands on 29,099 trades. Considering that the stock averages only a daily volume of 2.51 million shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $59.40 and $28.42 over the last 52-weeks, its 50-day SMA is now $51.87, and its 200-day SMA $45.72. Foot Locker Inc. has a P/B ratio of 2.38. It also has a P/E ratio of 22.5.

Foot Locker Inc operates in the footwear industry. Its core business involves retailing of athletic shoes and apparel through mall based stores.

Headquartered in New York, NY, Foot Locker Inc. has 49,209 employees and is currently under the leadership of CEO Richard A. Johnson.

For a complete fundamental analysis analysis of Foot Locker Inc., check out Equities.com’s Stock Valuation Analysis report for FL.

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To get more information on Foot Locker Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: FL’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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