Foot Locker, Inc. (FL)

Benzinga examined the prospects for many investors' favorite stocks over the last week — here's a look at some of our top stories.

The acquisition is a favorable outcome for Foot Locker shareholders, highlighting the 86% premium over the prior day's closing price.

Telsey Advisory analyst Joseph Feldman trimmed the price forecast for Dick's Sporting Goods from $250 to $220 while keeping an Outperform rating.

Charter is acquiring Cox; VC titans are buying a 6% stake in a football franchise; and Dick's is buying Foot Locker in a $2.4 billion deal.

Dick's stock plummeted 15% on Thursday, its worst intraday performance since August 2023.

Wall Street ends mixed as inflation cools, Deere beats expectations, Walmart warns on prices, and oil sinks on Iran deal hopes.

Here are the top movers in Thursday's session, showcasing the stocks with significant price changes.

U.S. stocks traded mixed Thursday, with major indices posting timid midday gains as investors digested fresh economic data revealing signs of consumer strain and disinflationary pressure stemming from April's tariff escalation.

Shares of footwear and apparel retailer Foot Locker (NYSE:FL) jumped 85.2% in the morning session after the company agreed to be acquired by DICK'S for an equity value of approximately $2.4 billion (enterprise value of $2.5 billion). The offer of $24 per share in cash or 0.1168 shares of DICK'S stock represented a substantial 66% premium over Foot Locker's average trading price for the previous 60 days.

Here are the top movers in Thursday's session, showcasing the stocks with significant price changes.

DICK's is now set to acquire Foot Locker as a combination deal that makes sense not only on paper but on valuations moving forward.

Let's delve into the US markets on Thursday and uncover the stocks that are experiencing notable gaps in today's session. Below, you'll find the gap up and gap down stocks.

Foot Locker, Inc. (FL) shares soar on news of acquisition by Dick's Sporting Goods (DKS). Deal values FL at $2.4B and offers $24/share or 0.1168 DKS stock per FL share. DKS expects growth and cost synergies, sees Q1 sales growth and earnings beat, while FL projects Q1 loss.

The US market session of Thursday has yet to be opened, let's have a look at the top gainers and losers in the pre-market session today.

Markets will listen closely to Federal Chair Jerome Powell for clues on monetary policy direction and whether a rate cut might be considered.