Alert: Negative Investment/Fundamental Signals (12/5/24)-Foot Locker Inc. (NYSE: FL)

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Foot Locker Inc. (NYSE: FL) suffers from exceptional negative changes in investment behavior: negative upside/downside volume developed, and the stock fell on very heavy volume.

Foot Locker Inc. (NYSE: FL) suffers from notable negative changes in fundamentals: the consensus estimate for January, 2024 decreased significantly, and the consensus estimate for January, 2025 decreased significantly.

In light of these highly negative signals we are reviewing our current Overall Rating of A. We would view the shares with caution pending completion of this review in the next several days.

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Current PriceTarget Research Rating

Foot Locker has a current Value Trend Rating of A (Highest Rating). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Foot Locker has a neutral Power Rating of 52 but a very high Appreciation Score of 87, resulting in the Highest Value Trend Rating.

Recent Price Action

Foot Locker Inc. (NYSE: FL) stock declined by -3.9% on 12/5/24. The shares closed at $21.17. Moreover, this decline was accompanied by exceptionally high trading volume at 203% of normal. The stock has performed in line with the market over the last nine months and has declined -13.5% during the last week.

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