Skechers U S A, Inc’s recent filing unveils that its Officer PHILIP PACCIONE acquired Company’s shares for reported $0.62 million on Mar 04 ’25. In the deal valued at $56.63 per share,10,994 shares were bought.
Then, PACCIONE PHILLIP sold 10,994 shares, generating $622,590 in total proceeds. Upon selling the shares at $56.63, the General Counsel & Secretary now owns 15,000 shares.
Before that, Vandemore John M sold 5,112 shares. Skechers U S A, Inc shares valued at $310,605 were divested by the Chief Financial Officer at a price of $60.76 per share. As a result of the transaction, Vandemore John M now holds 83,328 shares, worth roughly $4.64 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 1.24% to $55.66. Over the last five days, the stock has lost -3.64%. Skechers U S A, Inc shares have fallen nearly -17.22% since the year began. Nevertheless, the stocks have fallen -8.96% over the past one year. While a 52-week high of $78.85 was reached on 01/30/25, a 52-week low of $53.79 was recorded on 03/10/25. SMA at 50 days reached $67.51, while 200 days put it at $66.57.
Levels Of Support And Resistance For SKX Stock
The 24-hour chart illustrates a support level at 54.72, which if violated will result in even more drops to 53.78. On the upside, there is a resistance level at 56.46. A further resistance level may holdings at 57.26. The Relative Strength Index (RSI) on the 14-day chart is 30.64, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.56, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.57%. Stochastics %K at 17.27% 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.
