Foot Locker Inc. (FL) Rises 5.18% for September 04

Equities Staff  |

Among the biggest risers on the S&P 500 on Wednesday September 04 was Foot Locker Inc. ($FL), popping some 5.18% to a price of $38.40 a share with some 3.84 million shares trading hands.

Starting the day trading at $36.91, Foot Locker Inc. reached an intraday high of $38.57 and hit intraday lows of $36.79. Shares gained $1.89 apiece by day’s end. Over the last 90 days, the stock’s average daily volume has been 4.14 million of its 109.7 million share total float. Today’s action puts the stock’s 50-day SMA at $40.15 and 200-day SMA at $50.59 with a 52-week range of $33.12 to $68.00.

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.

Foot Locker Inc. has its corporate headquarters located in New York, NY and employs 49,331 people. Its market cap has now risen to $4.21 billion after today’s trading, its P/E ratio is now 7.8, its P/S 0.5, P/B 1.68, and P/FCF 9.

You can find a complete fundamental analysis of this stock at our For a complete fundamental analysis analysis of Foot Locker Inc., check out Stock Valuation Analysis tool for FL.

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The Dow Jones Industrial Average (DJIA) is the most visible stock index in the United States, but that doesn’t make it the best. In fact, the industry standard for market watchers and institutional investors in gauging portfolio performance is the S&P 500.

The DJIA relies on just 30 stocks as a sample of large- and mega-cap firms, dwarfed by the 500 contained in the S&P 500, and it also weights its returns using an outdated and flawed price-weighting method. The S&P 500’s weighting is based on market cap, making it a much better representation of actual market performance for large- and mega-cap stocks.

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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