Here's Why Foot Locker Stock Went Up 22% Last Month

Shares of shoe retailer Foot Locker (FL -28.13%) went up 22.3% during February, according to data provided by S&P Global Market Intelligence. It was a mostly quiet month for the company, but there was some vague chatter of interest from activist investors. And indeed, this is the kind of situation that would likely appeal to them.Generally speaking, activist investors believe a company is undervalued or not living up to its potential due to mismanagement. So, they buy large stakes in the business to influen ...