{"id":14062,"date":"2023-08-23T22:41:23","date_gmt":"2023-08-23T22:41:23","guid":{"rendered":"https:\/\/isafespend.com\/news\/foot-locker-stock-plunges-hits-new-52-week-low-what-the-pros-say-to-do-next\/"},"modified":"2023-08-23T22:41:25","modified_gmt":"2023-08-23T22:41:25","slug":"foot-locker-stock-plunges-hits-new-52-week-low-what-the-pros-say-to-do-next","status":"publish","type":"post","link":"https:\/\/isafespend.com\/?p=14062","title":{"rendered":"Foot Locker stock plunges, hits new 52-week low. What the pros say to do next"},"content":{"rendered":"<div data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-5-2\">\n<p><span hidden=\"\" aria-hidden=\"true\" class=\"ArticleBody-extraData\"><span hidden=\"\" aria-hidden=\"true\" class=\"ArticleBody-extraData\"><span hidden=\"\" aria-hidden=\"true\" class=\"xyz-data\">Market Movers rounded up the best reactions on Foot Locker from investors and analysts. The experts, including Jim Cramer , talked about the footwear retailer after it slashed guidance for the second time this year , five months after issuing it. Foot Locker&#8217;s second-quarter earnings met Wall Street estimates, but sales missed, falling nearly 10%. The retailer attributed the shortfall to &#8220;consumer softness,&#8221; markdowns and shoplifting problems. The stock hit a new 52-week low during intraday trading Wednesday, closing down 28%. The stock Is currently held in Cramer&#8217;s Charitable Trust portfolio.<\/span><\/span><\/span><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"><\/span><\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.cnbc.com\/2023\/08\/23\/foot-locker-stock-plunges-hits-new-52-week-low-what-the-pros-say-now.html\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Market Movers rounded up the best reactions on Foot Locker from investors and analysts. The experts, including Jim Cramer , talked about the footwear retailer after it slashed guidance for the second time this year , five months after issuing it. Foot Locker&#8217;s second-quarter earnings met Wall Street estimates, but sales missed, falling nearly 10%.<\/p>\n","protected":false},"author":1,"featured_media":14063,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43],"tags":[],"class_list":{"0":"post-14062","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.12 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Foot Locker stock plunges, hits new 52-week low. What the pros say to do next | iSafeSpend<\/title>\n<meta name=\"description\" content=\"Market Movers rounded up the best reactions on Foot Locker from investors and analysts. 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