Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Skechers U S A, Inc shares valued at $796,013 were sold by NASON MARK A on Feb 18 ’25. At $66.08 per share, NASON MARK A sold 12,046 shares. The insider’s holdings dropped to 25,675 shares worth approximately $1.56 million following the completion of this transaction.
Also, MARK A. NASON purchased 12,046 shares, netting a total of over 796,013 in proceeds.
Before that, WEINBERG DAVID had sold 36,000 shares from its account. In a trade valued at $2,257,826, the Chief Operating Officer traded Skechers U S A, Inc shares for $62.72 each. Upon closing the transaction, the insider’s holdings decreased to 36,000 shares, worth approximately $3.31 million.
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 -7.39%. Over the course of the year, Skechers U S A, Inc shares have dropped approximately -9.59%. Shares of the company reached a 52-week high of $78.85 on 01/30/25 and a 52-week low of $60.56 on 02/27/25. A 50-day SMA is recorded $69.04, while a 200-day SMA reached $66.98. Nevertheless, trading volume fell to 1.43 million shares from 1.79 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 59.72, which, if violated, would cause prices to drop to 58.65. In the upper region, resistance lies at 62.70. The next price resistance is at 64.61. RSI (Relative Strength Index) is 34.88 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.98, which suggests the price will decrease in the coming days. Percent R is at 98.24%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
