FL - Why Foot Locker Shares Are Moving | Benzinga
Foot Locker Inc (NYSE: FL) shares are trading lower by 5.4% to $30.58 during Friday's session. Shares of footwear and athletic apparel stocks are trading lower in sympathy with Nike, which fell after reporting mixed second-quarter results, lowering its outlook and announcing cost savings plans.
What Happened With Nike?
Nike outperformed predictions in earnings per share by 18 cents, reaching $1.03, a 21.18% increase from the previous year. However, their ...