Skechers U S A, Inc’s filing revealed that its Officer MARK A. NASON acquired Company’s shares for reported $0.5 million on Mar 24 ’25. In the deal valued at $57.54 per share,8,630 shares were bought.
Then, PHILIP PACCIONE bought 10,994 shares, generating $622,619 in total proceeds.
Before that, PACCIONE PHILLIP sold 10,994 shares. Skechers U S A, Inc shares valued at $622,590 were divested by the General Counsel & Secretary at a price of $56.63 per share. As a result of the transaction, PACCIONE PHILLIP now holds 15,000 shares, worth roughly $0.86 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 1.25% to $57.49. Over the last five days, the stock has gained 0.24%. Skechers U S A, Inc shares have fallen nearly -14.50% since the year began. Nevertheless, the stocks have fallen -6.15% 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 $63.87, while 200 days put it at $65.53.
Levels Of Support And Resistance For SKX Stock
The 24-hour chart illustrates a support level at 56.44, which if violated will result in even more drops to 55.40. On the upside, there is a resistance level at 58.19. A further resistance level may holdings at 58.90. The Relative Strength Index (RSI) on the 14-day chart is 43.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 26.37%. Stochastics %K at 65.26% 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 2025-03-14, growing by 0.87 million shares to a total of 7.73 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 6.86 million shares. There was a rise of 11.2%, 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.
