The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Skechers U S A, Inc shares valued at $29,488,938 were sold by GREENBERG MICHAEL on Aug 27 ’24. At $69.88 per share, GREENBERG MICHAEL sold 422,000 shares. The insider’s holdings dropped to 170,160 shares worth approximately $12.02 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, THE MICHAEL GREENBERG TRUST purchased 422,000 shares, netting a total of over 29,482,985 in proceeds.
Before that, Garcia Zulema had sold 1,100 shares from its account. In a trade valued at $80,080, the Director traded Skechers U S A, Inc shares for $72.80 each. Upon closing the transaction, the insider’s holdings decreased to 1,100 shares, worth approximately $0.91 million.
As published in their initiating research note from Needham on November 22, 2024, Skechers U S A, Inc [SKX] has been a Hold. Analysts at Morgan Stanley upgraded the stock from ‘”an Equal-weight”‘ to ‘”an Overweight”‘ outlook in a report released in late July. As of June 07, 2024, BofA Securities has increased its “Neutral” rating to a “Buy” for SKX. Earlier on April 01, 2024, Barclays initiated its rating. Their recommendation was “an Overweight” for SKX stock.
Analyzing SKX Stock Performance
During the last five days, there has been a surge of approximately 12.21%. Over the course of the year, Skechers U S A, Inc shares have jumped approximately 13.33%. Shares of the company reached a 52-week high of $75.09 on 06/12/24 and a 52-week low of $55.67 on 04/16/24. A 50-day SMA is recorded $63.67, while a 200-day SMA reached $64.63. Nevertheless, trading volume fell to 2.36 million shares from 1.33 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 69.36, which, if violated, would cause prices to drop to 68.07. In the upper region, resistance lies at 71.31. The next price resistance is at 71.97. RSI (Relative Strength Index) is 74.15 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.24, which suggests the price will increase in the coming days. Percent R is at 0.27%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
