Skechers U S A, Inc’s recently made public 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 $7.81 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 Tuesday, Skechers U S A, Inc [NYSE:SKX] saw its stock fall -1.86% to $63.90. Over the last five days, the stock has lost -13.56%. Skechers U S A, Inc shares have fallen nearly -4.97% since the year began. Nevertheless, the stocks have risen 10.23% over the past one year. While a 52-week high of $78.85 was reached on 01/30/25, a 52-week low of $55.67 was recorded on 02/10/25. SMA at 50 days reached $70.19, while 200 days put it at $67.10.
Levels Of Support And Resistance For SKX Stock
The 24-hour chart illustrates a support level at 63.11, which if violated will result in even more drops to 62.33. On the upside, there is a resistance level at 64.71. A further resistance level may holdings at 65.53. The Relative Strength Index (RSI) on the 14-day chart is 33.62, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -8.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.73%. Stochastics %K at 9.83% indicates the stock is a buying.
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 2025-01-15, dropping by -0.97 million shares to a total of 4.47 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 5.44 million shares. There was a decline of -21.69%, 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.
