Foot Locker (FL) took a beating on lowered outlooks and its dividend suspension.  However, it now appears the worst has been priced into the stock, which is now consolidating just above $18 a share.

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From here, we’d like to see it initially refill its bearish gap around $24, and eventually, with patience, $40 a share. Helping, CEO Mary Dillon recently bought 5,510 shares for just over $100,000 at an average price of $18.17 a share.


Ian Cooper