Foot Locker (FL) Stock Soars 70% to $22 on Surprise Buyout by Dick’s
Foot Locker's shares experienced a sharp increase in after-hours trading on Wednesday as investors processed an unexpected acquisition that
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Last updated: Wednesday, June 4, 2025
Quick overview
- Foot Locker shares surged 65% in after-hours trading following a surprise acquisition by Dick's Sporting Goods, valuing the company at $24 per share.
- The acquisition has sparked a potential trend reversal for Foot Locker, which had been trading below key moving averages for months.
- CoreWeave reported a staggering 420% year-over-year revenue growth, but its stock fell sharply after revealing a widening net loss of $149.6 million.
- Despite the pullback, CoreWeave's CEO expressed confidence in the company's long-term growth, supported by a substantial revenue backlog and strategic partnerships.
Foot Locker’s shares experienced a sharp increase in after-hours trading on Wednesday as investors processed an unexpected acquisition that altered the picture.
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Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst.
Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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