Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

Foot Locker Stomped On After Hibbett Sports Lowers Guidance

Courtesy of Benzinga.

Foot Locker, Inc. (NYSE: FL) shares are trading lower by $1.86 (4 percent) at $45.37 in Monday’s session.

Investors are exiting the issue again after Hibbett Sports, Inc. (NASDAQ: HIBB) sharply reduced its Q2 guidance. Fearful that Foot Locker will replicate its Q1 disaster on August 18 when it reports Q2 earnings, many investors abandoning the stock instead of waiting around for another sub-par report.

Since its last report on May 19, Foot Locker has fallen from the $70.00 area to the mid-$40s. On the bright side, the stock so far has survived a test of the former low for the move. On June 21, the stock bottomed at $44.87 and briefly traded over $50.00 before fading.

At this time, its sharp decline off the open found support just under that low, reaching $44.59 and rebounded back into the mid-$45.00 handle.

Posted-In: Technicals Intraday Update Movers Trading Ideas


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!