In a filing, Skechers U S A, Inc revealed its Executive Vice President NASON MARK A unloaded 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 sold. As a result of this transaction, NASON MARK A now holds 25,675 shares worth roughly $1.62 million.
Then, MARK A. NASON bought 12,046 shares, generating $796,013 in total proceeds.
Before that, WEINBERG DAVID sold 36,000 shares. Skechers U S A, Inc shares valued at $2,257,826 were divested by the Chief Operating Officer at a price of $62.72 per share. As a result of the transaction, WEINBERG DAVID now holds 54,499 shares, worth roughly $3.43 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 Friday, Skechers U S A, Inc [NYSE:SKX] saw its stock fall -4.14% to $62.92. Over the last five days, the stock has lost -2.15%. Skechers U S A, Inc shares have fallen nearly -6.42% since the year began. Nevertheless, the stocks have risen 8.24% 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 02/21/25. SMA at 50 days reached $69.76, while 200 days put it at $67.09.
Levels Of Support And Resistance For SKX Stock
The 24-hour chart illustrates a support level at 61.13, which if violated will result in even more drops to 59.35. On the upside, there is a resistance level at 65.29. A further resistance level may holdings at 67.67. The Relative Strength Index (RSI) on the 14-day chart is 36.31, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.61, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.03%. Stochastics %K at 17.69% 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.
