Skechers U S A, Inc’s recent filing unveils that its Chief Operating Officer WEINBERG DAVID unloaded Company’s shares for reported $0.55 million on Dec 31 ’24. In the deal valued at $67.48 per share,8,219 shares were sold. As a result of this transaction, WEINBERG DAVID now holds 122,211 shares worth roughly $8.56 million.
Then, GREENBERG MICHAEL sold 10,274 shares, generating $693,275 in total proceeds. Upon selling the shares at $67.48, the President now owns 149,327 shares.
Before that, DAVID WEINBERG bought 8,219 shares. Skechers U S A, Inc shares valued at $554,606 were divested by the Officer at a price of $67.48 per share.
A number of analysts have revised their coverage, including Needham’s analysts, who began to cover the stock in late November with a ‘”a Hold”‘ rating. Morgan Stanley also remained covering SKX and has increased its forecast on July 23, 2024 with a “an Overweight” recommendation from previously “an Equal-weight” rating. BofA Securities revised its rating on June 07, 2024. It rated SKX as “a Buy” which previously was an “a Neutral”.
Price Performance Review of SKX
On Monday, Skechers U S A, Inc [NYSE:SKX] saw its stock jump 1.39% to $70.05. Over the last five days, the stock has gained 3.61%. Skechers U S A, Inc shares have risen nearly 4.18% since the year began. Nevertheless, the stocks have risen 16.11% over the past one year. While a 52-week high of $75.09 was reached on 01/06/25, a 52-week low of $55.67 was recorded on 01/02/25. SMA at 50 days reached $65.09, while 200 days put it at $65.47.
Levels Of Support And Resistance For SKX Stock
The 24-hour chart illustrates a support level at 69.08, which if violated will result in even more drops to 68.12. On the upside, there is a resistance level at 71.06. A further resistance level may holdings at 72.08. The Relative Strength Index (RSI) on the 14-day chart is 62.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.06, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 19.32%. Stochastics %K at 58.48% indicates the stock is a holding.
How much short interest is there in Skechers U S A, Inc?
A steep rise in short interest was recorded in Skechers U S A, Inc stocks on 2024-12-13, dropping by -1.24 million shares to a total of 5.44 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 6.68 million shares. There was a decline of -22.88%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on April 01, 2024 when Barclays began covering the stock and recommended ‘”an Overweight”‘ rating along with a $71 price target.
