Foot Locker Inc. (FL) Moves Higher on Volume Spike for March 01

Equities Staff  |

Foot Locker Inc. (FL) traded on unusually high volume on Mar. 01, as the stock gained 5.96% to close at $63.07. On the day, Foot Locker Inc. saw 12.59 million shares trade hands on 83,733 trades. Considering that the stock averages only a daily volume of 2.2 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 $38.17 over the last 52-weeks, its 50-day SMA is now $55.59, and its 200-day SMA $51.15. Foot Locker Inc. has a P/B ratio of 2.91. It also has a P/E ratio of 20.2.

Foot Locker operates thousands of retail stores throughout the United States, Canada, Europe, Australia, and New Zealand. It also has one franchisee in the Middle East and one in South Korea, each of which operates multiple stores in those regions. The company mainly sells athletically inspired shoes and apparel. Foot Locker's merchandise comes from only a few suppliers, with Nike providing the majority. Store names include Foot Locker, Champs, and Runners Point. The company also has an e-commerce business selling through Footlocker.com, Eastbay, and Final-Score.

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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