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Barclays’s latest rating for SKX stock

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 $9.06 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 $6.8 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 0.68% to $68.24. Over the last five days, the stock has gained 2.17%. Skechers U S A, Inc. shares have risen nearly 9.46% since the year began. Nevertheless, the stocks have risen 29.98% over the past one year. While a 52-week high of $69.07 was reached on 04/26/24, a 52-week low of $45.58 was recorded on 04/16/24. SMA at 50 days reached $61.14, while 200 days put it at $56.47. A total of 1.01 million shares were traded, compared to the trading of 0.97 million shares in the previous session.

Levels Of Support And Resistance For SKX Stock

The 24-hour chart illustrates a support level at 67.86, which if violated will result in even more drops to 67.47. On the upside, there is a resistance level at 68.81. A further resistance level may holdings at 69.37. The Relative Strength Index (RSI) on the 14-day chart is 72.63, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.42, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.42%. Stochastics %K at 90.98% indicates the stock is a selling.

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