Skechers U.S.A. (SKX) : Fridays money flow data in Skechers U.S.A. (SKX) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $1.03 million, whereas, $0.49 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 2.1, in favor of the bulls. The total money flow into the stock was $0.54 million clearly indicating that the smart money has been buying into the stock on weakness.
In comparison, the money flow in block deals was $0.48 million. The total value of block trades done on upticks was $0.48 million. Skechers U.S.A. (SKX) fell $0.12 and traded at $24.34, down -0.49% for the day, over previous days close. On a weekly basis, the shares are -1.54% over the previous weeks close.
The company Insiders own 21.73% 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 -1.53% . Institutional Investors own 67.47% of Skechers U.S.A. shares. During last six month period, the net percent change held by insiders has seen a change of -15.09%.
In a related news, Paccione Phillip, officer (General Counsel & Secretary) of Skechers Usa Inc, unloaded 1,389 shares at an average price of $24.12 on July 28, 2016. The total amount of the transaction was worth $33,503, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Skechers U.S.A. (NYSE:SKX): stock was range-bound between the intraday low of $24.21 and the intraday high of $24.7 after having opened at $24.49 on Fridays session. The stock finally closed in the red at $24.49, a loss of -0.37%. The stock remained in the red for the whole trading day. The total traded volume was 1,293,026 shares. The stock failed to cross $24.7 in Fridays trading. The stocks closing price on Thursday was $24.46.
Skechers U.S.A. (SKX) has risen sharply, recording gains of 3.61% in the past 4 weeks. However, the stock has corrected -1.42% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 3.75% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
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.