Skechers U.S.A. (SKX) : Traders are bullish on Skechers U.S.A. (SKX) as it has outperformed the S&P 500 by a wide margin of 7.05% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.65%, 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 5.2% in the last 1 week, and is up 11.73% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 8.77% and the 50-Day Moving Average is 6.89%.
Skechers U.S.A. (NYSE:SKX): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $31.99 and $31.87 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $32.67. The buying momentum continued till the end and the stock did not give up its gains. It closed at $32.39, notching a gain of 1.22% for the day. The total traded volume was 2,694,432 . The stock had closed at $32.00 on the previous day.
The company Insiders own 21.39% of Skechers U.S.A. shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -14.79% . Institutional Investors own 68.11% of Skechers U.S.A. shares. During last six month period, the net percent change held by insiders has seen a change of 8%. 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.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.