Foot Locker’s New CEO Is Buying

Today Ken Hicks, the new Foot Locker CEO reported buying $427 worth of shares in his new “home” on the open market.

While it’s common for new insiders to buy shares in their company to ensure they maintain the minimum level required by the company rules, this purchase comes more then a month after the announcement. Also, Matthew McKenna (Director) bought nearly $100K just two days ago, increasing his holdings by 29%. Maybe the CEO has been discussing an interesting idea or two that Mr. McKenna liked enough to make a little investment…

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