Skechers Usa Inc (SKX) Files Form 4 Insider Selling : Phillip Paccione Sells 3,500 Shares

Skechers Usa Inc (SKX): Phillip Paccione , General Counsel & Secretary of Skechers Usa Inc sold 3,500 shares on May 26, 2016. The Insider selling transaction was reported by the company on May 31, 2016 to the Securities and Exchange Commission. The shares were sold at $30.23 per share for a total value of $105,815.15 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 4, 2016, Jeffrey Greenberg (director) sold 10,000 shares at $33.55 per share price.On May 3, 2016, Thomas Walsh (director) sold 1,500 shares at $33.40 per share price.Also, On May 2, 2016, Michael Greenberg (President) sold 200,000 shares at $33.87 per share price.On Apr 28, 2016, Phillip Paccione (General Counsel & Secretary) sold 5,000 shares at $34.00 per share price.

Skechers USA Inc: On Friday, May 27, 2016 heightened volatility was witnessed in Skechers USA Inc which led to swings in the share price. The shares opened for trading at $30.16 and hit $30.83 on the upside , eventually ending the session at $30.68, with a gain of 1.62% or 0.49 points. The heightened volatility saw the trading volume jump to 17,05,344 shares. The 52-week high of the share price is $54.533333 and the company has a market cap of $4,840 M . The 52-week low of the share price is at $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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