The Hot Stock: The Foot Locker Two Step
Shares of Foot Locker (FL) skyrocketed to the top of the S&P 500 index Friday after the sporting goods retailer announced better-than-expected financial results and gave upbeat guidance for the current quarter. It is the single biggest one-day gain ever for Foot Locker’s stock, and made the company the best-performing name in the S&P 500, by far. The company’s market value soared to $5.06 billion from $3.9 billion on Thursday.
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