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Foot Locker Shares Surge Following WSJ Report of Buyout by Dick's Sporting Goods
Shares of Foot Locker surged after The Wall Street Journal reported that Dick's Sporting Goods is nearing a $2.3 billion deal to buy the sneaker retailer. Foot Locker's stock soared 70%, to $21.90, in after-hours trading. Through Wednesday's close, the stock has lost more than 40% of its value in the past year.
Foot Locker stock is eyeing its best day ever on the charts ... aiding in a small boost in FL shares. Today's surge puts the equity toward its best single-day percentage pop ever.
Dick’s Sporting Goods is buying the struggling footwear chain Foot Locker for about $2.4 billion with uncertainty brought on ...
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