Large Outflow of Money Witnessed in Skechers U.S.A.

Skechers U.S.A. (SKX): The stock had negative money flow to the tune of ($0.7 million) on Monday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $0.86 million, whereas, the outflow of money on downticks was $1.56 million and the ratio between the two was 0.55. The block trade had a negative net money flow of ($0.83 million). On the other hand, downticks amounted to $0.83 million of the traded value, which shows distribution in the stock by traders. Skechers U.S.A. (SKX) closed with marginal gains of 21 cents to end the day at $32.6, an increase of 0.65% over the previous days close. The stock recorded 5.88% for the week.


Skechers U.S.A., Inc. is up 10.97% in the last 3-month period. Year-to-Date the stock performance stands at 7.85%. Shares of Skechers U.S.A., Inc. rose by 4.69% in the last five trading days and 12.46% for the last 4 weeks. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Skechers Usa Inc, Greenberg Jeffrey had sold 10,000 shares worth of $301,500 in a transaction dated July 1, 2016. In this transaction, 10,000 shares were sold at $30.15 per share.

Skechers U.S.A. (NYSE:SKX): stock turned positive on Monday. Though the stock opened at $32.32, the bulls momentum made the stock top out at $32.71 level for the day. The stock recorded a low of $32.14 and closed the trading day at $32.58, in the green by 0.59%. The total traded volume for the day was 2,314,870. The stock had closed at $32.39 in the previous days trading.

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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