Shares of footwear and athletic apparel-related stocks are trading lower in sympathy with Foot Locker, which lowered its financial outlook.
Portfolio Pulse from Benzinga Newsdesk
Footwear and athletic apparel-related stocks are trading lower due to Foot Locker's lowered financial outlook.
May 19, 2023 | 1:46 pm
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NEGATIVE IMPACT
Dick's Sporting Goods stock is trading lower in sympathy with Foot Locker's lowered financial outlook.
As Foot Locker's financial outlook is lowered, it negatively impacts the overall sentiment in the footwear and athletic apparel sector, causing stocks like Dick's Sporting Goods to trade lower.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75
NEGATIVE IMPACT
Skechers stock is trading lower in sympathy with Foot Locker's lowered financial outlook.
Foot Locker's lowered financial outlook negatively impacts the sentiment in the footwear and athletic apparel sector, causing stocks like Skechers to trade lower.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75
NEGATIVE IMPACT
Under Armour stock is trading lower in sympathy with Foot Locker's lowered financial outlook.
The lowered financial outlook of Foot Locker negatively affects the overall sentiment in the footwear and athletic apparel sector, causing stocks like Under Armour to trade lower.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75
NEGATIVE IMPACT
Under Armour stock is trading lower in sympathy with Foot Locker's lowered financial outlook.
Foot Locker's lowered financial outlook has a negative impact on the sentiment in the footwear and athletic apparel sector, causing stocks like Under Armour to trade lower.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75