Skechers U S A, Inc.’s filing revealed that its Chief Executive Officer GREENBERG ROBERT unloaded Company’s shares for reported $1.85 million on Mar 15 ’24. In the deal valued at $61.11 per share,30,339 shares were sold. As a result of this transaction, GREENBERG ROBERT now holds 132,783 shares worth roughly $7.73 million.
Then, GREENBERG MICHAEL sold 25,282 shares, generating $1,544,983 in total proceeds. Upon selling the shares at $61.11, the President now owns 123,441 shares.
Before that, WEINBERG DAVID sold 20,226 shares. Skechers U S A, Inc. shares valued at $1,236,011 were divested by the Chief Operating Officer at a price of $61.11 per share. As a result of the transaction, WEINBERG DAVID now holds 99,655 shares, worth roughly $5.8 million.
Barclays initiated its Skechers U S A, Inc. [SKX] rating to an Overweight in a research note published on April 01, 2024; the price target was $71. A number of analysts have revised their coverage, including BofA Securities’s analysts, who began to cover the stock in early March with a ‘”a Neutral”‘ rating. Evercore ISI began covering SKX with “an Outperform” recommendation on February 15, 2024. Monness Crespi & Hardt maintained its rating on January 18, 2024. It rated SKX as “a Buy”.
Price Performance Review of SKX
On Monday, Skechers U S A, Inc. [NYSE:SKX] saw its stock jump 0.43% to $58.25. Over the last five days, the stock has lost -5.01%. Skechers U S A, Inc. shares have fallen nearly -6.56% since the year began. Nevertheless, the stocks have risen 25.78% over the past one year. While a 52-week high of $65.17 was reached on 01/22/24, a 52-week low of $45.58 was recorded on 02/05/24. SMA at 50 days reached $60.27, while 200 days put it at $55.24. A total of 1.34 million shares were traded, compared to the trading of 1.34 million shares in the previous session.
Levels Of Support And Resistance For SKX Stock
The 24-hour chart illustrates a support level at 57.95, which if violated will result in even more drops to 57.65. On the upside, there is a resistance level at 58.69. A further resistance level may holdings at 59.13. The Relative Strength Index (RSI) on the 14-day chart is 38.92, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.83, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.17%. Stochastics %K at 9.44% indicates the stock is a buying.
How much short interest is there in Skechers U S A, Inc.?
A steep rise in short interest was recorded in Skechers U S A, Inc. stocks on Mar 15, 2024, growing by 0.43 million shares to a total of 2.53 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 2.1 million shares. There was a rise of 17.0%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.27% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.68.
