Skechers U S A, Inc’s filing revealed that its Officer MARK A. NASON acquired Company’s shares for reported $0.8 million on Feb 18 ’25. In the deal valued at $66.08 per share,12,046 shares were bought.
Then, WEINBERG DAVID sold 36,000 shares, generating $2,257,826 in total proceeds. Upon selling the shares at $62.72, the Chief Operating Officer now owns 54,499 shares.
Before that, GREENBERG ROBERT sold 52,600 shares. Skechers U S A, Inc shares valued at $3,298,935 were divested by the Chief Executive Officer at a price of $62.72 per share. As a result of the transaction, GREENBERG ROBERT now holds 61,367 shares, worth roughly $4.11 million.
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 jump 4.48% to $66.97. Over the last five days, the stock has gained 2.86%. Skechers U S A, Inc shares have fallen nearly -0.40% since the year began. Nevertheless, the stocks have risen 12.31% 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 02/12/25. SMA at 50 days reached $70.11, while 200 days put it at $67.11.
Levels Of Support And Resistance For SKX Stock
The 24-hour chart illustrates a support level at 65.15, which if violated will result in even more drops to 63.32. On the upside, there is a resistance level at 67.95. A further resistance level may holdings at 68.92. The Relative Strength Index (RSI) on the 14-day chart is 44.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.89, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 71.39%. Stochastics %K at 17.11% indicates the stock is a buying.
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.
