Foot Locker’s beaten-down stock jumps more than 60% on report of Dick’s acquisition

Why is the US allowing UAE to import Nvidia AI chips? What caused the massive Ford SUV brake recall? How will Trump's Middle East deals impact US tech? Why are Starbucks employees striking over dress code? How did Dick’s Sporting Goods' Foot Locker deal affect stock? What led to UnitedHealth’s Medicare fraud investigation? Why is California facing a large budget deficit? How is AI reshaping investments in Saudi Arabia? What caused layoffs at Microsoft despite earnings beat?

Foot Locker’s beaten-down stock jumps more than 60% on report of Dick’s acquisition

marketwatch.com/story/foot-lockers-beaten-down-stock-jumps-more-than-60-on-report-of-dicks-acquisition-ef89daca

Shares of Foot Locker Inc. rocketed 65% higher after hours on Wednesday after the Wall Street Journal reported that Dick’s Sporting Goods Inc. was close to a deal to buy the struggling sneaker chain.

This story appeared on marketwatch.com, 2025-05-14 22:28:00.