Insiders Buying Foot Locker And 2 Other Stocks
Portfolio Pulse from Lisa Levin
Insiders at 1-800-FLOWERS.COM, Inc. (FLWS), Funko, Inc. (FNKO), and Foot Locker, Inc. (FL) have recently purchased shares in their respective companies. This could indicate confidence in the companies' prospects or that the insiders view the stocks as bargains. However, insider purchases should not be the sole indicator for making investment or trading decisions.
September 12, 2023 | 4:26 pm
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NEUTRAL IMPACT
President and CEO Mary N Dillon of Foot Locker, Inc. bought 5,510 shares at an average price of $18.17. The company recently reported a Q2 FY23 sales decline of 9.9% year-on-year to $1.86 billion, missing the analyst consensus of $1.88 billion.
The insider purchase could indicate confidence in the company's prospects despite the recent sales decline and miss on analyst consensus. However, the impact on the stock price in the short term is uncertain.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
President Thomas G Hartnett of 1-800-FLOWERS.COM, Inc. acquired 25,000 shares at an average price of $6.09. The company recently reported Q4 revenues of $398.81 million, missing the consensus of $413.31 million.
The insider purchase could indicate confidence in the company's prospects despite the recent miss on Q4 revenues. However, the impact on the stock price in the short term is uncertain.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
10% owner Chan Kenneth Hsiangtze of Funko, Inc. acquired 110,190 shares at an average price of $6.96. The company recently reported a Q2 earnings miss and issued weak guidance.
The insider purchase could indicate confidence in the company's prospects despite the recent earnings miss and weak guidance. However, the impact on the stock price in the short term is uncertain.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100