In a filing, Skechers U S A, Inc revealed 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 $4.79 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 Monday, Skechers U S A, Inc [NYSE:SKX] saw its stock jump 1.63% to $57.43. Over the last five days, the stock has gained 4.46%. Skechers U S A, Inc shares have fallen nearly -14.59% since the year began. Nevertheless, the stocks have fallen -7.67% 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 $66.63, while 200 days put it at $66.33.
Levels Of Support And Resistance For SKX Stock
The 24-hour chart illustrates a support level at 56.52, which if violated will result in even more drops to 55.60. On the upside, there is a resistance level at 57.95. A further resistance level may holdings at 58.46. The Relative Strength Index (RSI) on the 14-day chart is 38.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.63, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.10%. Stochastics %K at 27.29% indicates the stock is a holding.
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 2025-02-28, growing by 3.22 million shares to a total of 7.17 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 3.95 million shares. There was a rise of 44.92%, which implies that there is a positive 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.
