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 $554,607 were sold by WEINBERG DAVID on Dec 31 ’24. At $67.48 per share, WEINBERG DAVID sold 8,219 shares. The insider’s holdings dropped to 122,211 shares worth approximately $8.22 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, GREENBERG MICHAEL sold 10,274 shares, netting a total of over 693,275 in proceeds. Following the sale of shares at $67.48 each, the insider now holds 149,327 shares.
Before that, DAVID WEINBERG had added 8,219 shares to its account. In a trade valued at $554,606, the Officer bought Skechers U S A, Inc shares for $67.48 each.
Analysts at Needham started covering the stock with ‘”a Hold”‘ outlook in a report released in late November. As of July 23, 2024, Morgan Stanley has increased its “an Equal-weight” rating to a “an Overweight” for SKX. Earlier on June 07, 2024, BofA Securities upgraded its rating. Their new recommendation was “a Buy” for SKX stock which previously was a “a Neutral”.
Analyzing SKX Stock Performance
During the last five days, there has been a drop of approximately -0.65%. Over the course of the year, Skechers U S A, Inc shares have jumped approximately 0.07%. Shares of the company reached a 52-week high of $68.57 on 01/02/25 and a 52-week low of $67.29 on 01/02/25. A 50-day SMA is recorded $64.79, while a 200-day SMA reached $65.38. Nevertheless, trading volume fell to 1.54 million shares from 1.11 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 66.86, which, if violated, would cause prices to drop to 66.44. In the upper region, resistance lies at 68.14. The next price resistance is at 69.00. RSI (Relative Strength Index) is 51.26 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.42, which suggests the price will decrease in the coming days. Percent R is at 68.75%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
