In a filing, Skechers U S A, Inc revealed 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 $0.68 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 fall -5.66% to $45.48. Over the last five days, the stock has lost -20.89%. Skechers U S A, Inc shares have fallen nearly -32.36% since the year began. Nevertheless, the stocks have fallen -21.59% over the past one year. While a 52-week high of $78.85 was reached on 01/30/25, a 52-week low of $45.33 was recorded on 04/08/25. SMA at 50 days reached $61.43, while 200 days put it at $64.97.
Levels Of Support And Resistance For SKX Stock
The 24-hour chart illustrates a support level at 42.91, which if violated will result in even more drops to 40.34. On the upside, there is a resistance level at 49.64. A further resistance level may holdings at 53.80. The Relative Strength Index (RSI) on the 14-day chart is 25.68, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -6.78, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.53%. Stochastics %K at 19.64% indicates the stock is a buying.
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.
