Why Foot Locker Stock Was Soaring This Week
Foot Locker (NYSE: FL) stock was a surprising winner this week. The sneaker and athletic apparel retailer was seen as a beneficiary of a shift in 's (NYSE: NKE) strategy as the footwear giant indicated in its earnings report last week.
Foot Locker also gained on an analyst upgrade to start the week and the perception that the stock could be undervalued after it plunged on its earnings report earlier in the month. Foot Locker finished the week up 16.9%, according to data from S&P Global Market Intelligence.
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Source Fool.com
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