Among the S&P 500’s biggest fallers on Friday November 22 was Foot Locker Inc. (FL). The stock experienced a 2.92% decline to $40.25 with 17.14 million shares changing hands.
Foot Locker Inc. started at an opening price of 39.00 and hit a high of $40.32 and a low of $37.31. Ultimately, the stock took a hit and finished the day at $1.21 per share. Foot Locker Inc. trades an average of n/a shares a day out of a total 107.04 million shares outstanding. The current moving averages are a 50-day SMA of $n/a and a 200-day SMA of $n/a. Foot Locker Inc. hit a high of $68.00 and a low of $33.12 over the last year.
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.
With its headquarters located in New York, NY, Foot Locker Inc. employs 49,331 people. After today’s trading, the company’s market cap has fallen to $4.31 billion, a P/S of n/a, a P/B of 1.72, and a P/FCF of n/a.
For all the attention paid to the Dow Jones Industrial Average (DJIA), it’s the S&P 500 that’s relied on by insiders and institutional investors. It represents the industry standard for American large-cap indices.
The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns. This is why its long-term returns is a much more reliable gauge for the performance of large- and mega-cap stocks over time.
