Skechers U S A, Inc.’s filing revealed that its Director Garcia Zulema unloaded Company’s shares for reported $80080.0 on Jun 07 ’24. In the deal valued at $72.80 per share,1,100 shares were sold. As a result of this transaction, Garcia Zulema now holds 12,900 shares worth roughly $0.87 million.
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Then, PACCIONE PHILLIP sold 423 shares, generating $29,379 in total proceeds. Upon selling the shares at $69.45, the General Counsel & Secretary now owns 35,000 shares.
Before that, BLAIR KATHERINE J. sold 3,500 shares. Skechers U S A, Inc. shares valued at $240,713 were divested by the Director at a price of $68.78 per share. As a result of the transaction, BLAIR KATHERINE J. now holds 11,900 shares, worth roughly $0.8 million.
BofA Securities upgraded its Skechers U S A, Inc. [SKX] rating to a Buy from a a Neutral in a research note published on June 07, 2024; the price target was increased to $87 from $71. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in early April with a ‘”an Overweight”‘ rating. BofA Securities began covering SKX with “Neutral” recommendation on March 08, 2024. Evercore ISI started covering the stock on February 15, 2024. It rated SKX as “an Outperform”.
Price Performance Review of SKX
On Monday, Skechers U S A, Inc. [NYSE:SKX] saw its stock fall -2.30% to $67.53. Over the last five days, the stock has lost -8.83%. Skechers U S A, Inc. shares have risen nearly 8.33% since the year began. Nevertheless, the stocks have risen 34.17% over the past one year. While a 52-week high of $75.09 was reached on 06/12/24, a 52-week low of $45.58 was recorded on 04/16/24. SMA at 50 days reached $68.59, while 200 days put it at $59.64. A total of 1.81 million shares were traded, compared to the trading of 2.36 million shares in the previous session.
Levels Of Support And Resistance For SKX Stock
The 24-hour chart illustrates a support level at 66.78, which if violated will result in even more drops to 66.03. On the upside, there is a resistance level at 68.96. A further resistance level may holdings at 70.39. The Relative Strength Index (RSI) on the 14-day chart is 37.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.39, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.11%. Stochastics%K at 16.18% indicates the stock is a buying.
The most recent change occurred on January 18, 2024 when Monness Crespi & Hardt resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $72.
