Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Skechers U S A, Inc. shares valued at $240,713 were sold by BLAIR KATHERINE J. on May 16 ’24. At $68.78 per share, BLAIR KATHERINE J. sold 3,500 shares. The insider’s holdings dropped to 11,900 shares worth approximately $0.8 million following the completion of this transaction.
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Also, GREENBERG ROBERT sold 30,339 shares, netting a total of over 1,854,016 in proceeds. Following the sale of shares at $61.11 each, the insider now holds 132,783 shares.
Before that, GREENBERG MICHAEL had sold 25,282 shares from its account. In a trade valued at $1,544,983, the President traded Skechers U S A, Inc. shares for $61.11 each. Upon closing the transaction, the insider’s holdings decreased to 25,282 shares, worth approximately $8.32 million.
As published in their initiating research note from Barclays on April 01, 2024, Skechers U S A, Inc. [SKX] has been an Overweight and the price target has been revised to $71. Analysts at BofA Securities started covering the stock with ‘”a Neutral”‘ outlook in a report released in early March. As of February 15, 2024, Evercore ISI has initiated its “an Outperform” rating for SKX. Earlier on January 18, 2024, Monness Crespi & Hardt resumed its rating. Their recommendation was “a Buy” for SKX stock.
Analyzing SKX Stock Performance
During the last five days, there has been a drop of approximately -1.27%. Over the course of the year, Skechers U S A, Inc. shares have jumped approximately 8.08%. Shares of the company reached a 52-week high of $69.80 on 05/16/24 and a 52-week low of $55.67 on 04/16/24. A 50-day SMA is recorded $62.34, while a 200-day SMA reached $57.01. Nevertheless, trading volume fell to 1.02 million shares from 1.02 million shares the previous day.
Support And Resistance Levels for Skechers U S A, Inc. (SKX)
According to the 24-hour chart, there is a support level at 66.84, which, if violated, would cause prices to drop to 66.29. In the upper region, resistance lies at 68.20. The next price resistance is at 69.01. RSI (Relative Strength Index) is 60.36 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.07, which suggests the price will decrease in the coming days. Percent R is at 66.85%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
