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 $7.7 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 $5.78 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 2.84% to $58.01. Over the last five days, the stock has gained 2.71%. Skechers U S A, Inc. shares have fallen nearly -6.95% since the year began. Nevertheless, the stocks have risen 16.04% 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 04/16/24. SMA at 50 days reached $59.59, while 200 days put it at $55.52. A total of 2.04 million shares were traded, compared to the trading of 4.96 million shares in the previous session.
Levels Of Support And Resistance For SKX Stock
The 24-hour chart illustrates a support level at 57.12, which if violated will result in even more drops to 56.24. On the upside, there is a resistance level at 58.53. A further resistance level may holdings at 59.06. The Relative Strength Index (RSI) on the 14-day chart is 47.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.28, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 42.44%. Stochastics %K at 31.25% indicates the stock is a holding.
