Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Skechers U S A, Inc shares valued at $496,536 were purchased by MARK A. NASON on Mar 24 ’25. At $57.54 per share, MARK A. NASON acquired 8,630 shares.
Also, PHILIP PACCIONE purchased 10,994 shares, netting a total of over 622,619 in proceeds.
Before that, PACCIONE PHILLIP had sold 10,994 shares from its account. In a trade valued at $622,590, the General Counsel & Secretary traded Skechers U S A, Inc shares for $56.63 each. Upon closing the transaction, the insider’s holdings decreased to 10,994 shares, worth approximately $0.87 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 surge of approximately 2.54%. Over the course of the year, Skechers U S A, Inc shares have dropped approximately -14.04%. Shares of the company reached a 52-week high of $78.85 on 01/30/25 and a 52-week low of $53.79 on 03/10/25. A 50-day SMA is recorded $64.62, while a 200-day SMA reached $65.79.
Support And Resistance Levels for Skechers U S A, Inc (SKX)
According to the 24-hour chart, there is a support level at 56.42, which, if violated, would cause prices to drop to 55.04. In the upper region, resistance lies at 58.96. The next price resistance is at 60.12. RSI (Relative Strength Index) is 43.61 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.73, which suggests the price will decrease in the coming days. Percent R is at 18.99%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
