Skechers Usa Inc (SKX) Files Form 4 Insider Selling : Michael Greenberg Sells 200,000 Shares

Skechers Usa Inc (SKX): Michael Greenberg , President of Skechers Usa Inc sold 200,000 shares on Apr 28, 2016. The Insider selling transaction was reported by the company on May 2, 2016 to the Securities and Exchange Commission. The shares were sold at $33.87 per share for a total value of $6,773,200.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 28, 2016, Phillip Paccione (General Counsel & Secretary) sold 5,000 shares at $34.00 per share price.On Apr 28, 2016, David Weinberg (Chief Operating Officer) sold 50,000 shares at $34.07 per share price.Also, On Mar 8, 2016, Mark A Nason (Executive Vice President) sold 4,947 shares at $34.00 per share price.On Mar 2, 2016, Robert Greenberg (director officer 10% owner (Chief Executive Offic) sold 22,270 shares at $33.36 per share price.

Shares of Skechers USA Inc (SKX) ended Wednesday, Apr 27, 2016 session in red amid volatile trading. The shares closed down -0.33 points or -0.97% at $33.73 with 22,75,424 shares getting traded. Post opening the session at $34.05, the shares hit an intraday low of $33.47 and an intraday high of $34.1 and the price vacillated in this range throughout the day. The company has a market cap of $5,273 M and the number of outstanding shares has been calculated to be 15,63,28,270 shares. The 52-week high of Skechers USA Inc is $54.533333 and the 52-week low is $24.56.

Skechers USA Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Skechers USA Inc is Initiated by Macquarie to Outperform and the brokerage firm has set the Price Target at $45. The Rating was issued on Apr 7, 2016.

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 Company’s 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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