Company Shares of Skechers U.S.A. (NYSE:SKX) Rally 4.8%

Skechers U.S.A. (NYSE:SKX) : Traders are bullish on Skechers U.S.A. (NYSE:SKX) as it has outperformed the S&P 500 by a wide margin of 1.85% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.47%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.8% in the last 1 week, and is up 3.5% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The company shares have dropped -23.02% from its 1 Year high price. On Aug 6, 2015, the shares registered one year high at $54.53 and the one year low was seen on Nov 16, 2015. The 50-Day Moving Average price is $29.83 and the 200 Day Moving Average price is recorded at $30.17.

The stock has recorded a 20-day Moving Average of 5.37% and the 50-Day Moving Average is 1.09%.


Skechers U.S.A. (NYSE:SKX): stock turned positive on Friday. Though the stock opened at $30.42, the bulls momentum made the stock top out at $31.15 level for the day. The stock recorded a low of $30.4 and closed the trading day at $30.79, in the green by 2.50%. The total traded volume for the day was 1,802,795. The stock had closed at $30.04 in the previous days trading.

In an insider trading activity, Greenberg Jeffrey, director of Skechers Usa Inc, unloaded 10,000 shares at an average price of $30.15 on July 1, 2016. The total amount of the transaction was worth $301,500, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Skechers U.Skechers U.S.A., Inc. is a designer and marketer of Skechers-branded lifestyle footwear for men, women and children, and performance footwear for men and women under the Skechers GO brand name. The Companys brands are sold through department and specialty stores, athletic and independent retailers, boutiques and internet retailers. In addition to wholesale distribution, its footwear is available at its e-commerce site and its own retail stores. As of February 15, 2015, the Company owned and operated 119 concept stores, 146 factory outlet stores and 98 warehouse outlet stores in the United States, and 51 concept stores, 33 factory outlet stores, and three warehouse outlet stores internationally.

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