Why Foot Locker Shares Are Trading Lower By Over 25%? Here Are Other Stocks Moving In Friday's Mid-Day Session
Portfolio Pulse from Lisa Levin
Foot Locker shares dropped over 25% after reporting worse-than-expected Q1 results and lowering its FY23 guidance. Other stocks experienced significant gains and losses during Friday's mid-day session.
May 19, 2023 | 5:21 pm
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Foot Locker shares dropped 25.6% to $30.88 after reporting worse-than-expected Q1 results and lowering its FY23 guidance.
Foot Locker's worse-than-expected Q1 results and lowered FY23 guidance have led to a significant drop in its share price. Investors are likely concerned about the company's performance and future outlook, resulting in a negative short-term impact on the stock.
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