In a filing, Skechers U S A, Inc. revealed 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 $7.5 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 $5.63 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 0.55% to $56.48. Over the last five days, the stock has lost -3.04%. Skechers U S A, Inc. shares have fallen nearly -9.40% since the year began. Nevertheless, the stocks have risen 16.41% 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 04/12/24. SMA at 50 days reached $59.64, while 200 days put it at $55.40. A total of 1.84 million shares were traded, compared to the trading of 0.99 million shares in the previous session.
Levels Of Support And Resistance For SKX Stock
The 24-hour chart illustrates a support level at 55.72, which if violated will result in even more drops to 54.96. On the upside, there is a resistance level at 57.81. A further resistance level may holdings at 59.14. The Relative Strength Index (RSI) on the 14-day chart is 32.61, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.00, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.03%. Stochastics %K at 8.22% indicates the stock is a buying.
