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Here's Why Foot Locker Stock Plunged 27% Last Month

TheMotleyFool

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Here's Why Foot Locker Stock Plunged 27% Last Month: https://g.foolcdn.com/editorial/images/746604/frustrated-investor-closes-eyes-in-front-of-computer.jpg

Shares of footwear and apparel retail chain Foot Locker (NYSE: FL) plunged 27% in August, according to data provided by S&P Global Market Intelligence. After the company reported financial results for the fiscal second quarter of 2023, the stock was down as much as 38% for the month before modestly rebounding.