Large Inflow of Money Detected in Skechers U.S.A.

Skechers U.S.A. (SKX): $2.97 million was the positive money flow into the stock on Monday and the up/down ratio of ticks was also in favor of the bulls at 1.2. The value of trades done on upticks was $17.84 million, whereas, trades done on downticks were valued at $14.86 million. Money flows are calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades. large traders, also sometimes called as the smart money, block traded $2.02 million worth stocks on upticks, which is a bullish indication. The downticks accounted only for $0.62 million worth of block trades showing a lack of interest among the large traders to sell the stock down. The up/down ratio of 3.28 was strongly in favor of the bulls. The money flow in block trades was $1.41 million. Skechers U.S.A. (SKX) fell $0.13 traded at $25.2, a change of -0.49% over the previous day. The stock is 7.12% for the week.


Shares of Skechers U.S.A., Inc. appreciated by 6.47% during the last five trading days but lost 22.26% on a 4-week basis. Skechers U.S.A., Inc. has dropped 18.88% during the last 3-month period . Year-to-Date the stock performance stands at -16.65%.

Skechers U.S.A. (NYSE:SKX): The stock opened at $25.34 on Monday but the bulls could not build on the opening and the stock topped out at $25.92 for the day. The stock traded down to $25.10 during the day, due to lack of any buying support eventually closed down at $25.18 with a loss of -0.55% for the day. The stock had closed at $25.32 on the previous day. The total traded volume was 4,118,684 shares.

In a related news, The Securities and Exchange Commission has divulged that Paccione Phillip, officer (General Counsel & Secretary) of Skechers Usa Inc, had unloaded 1,389 shares at an average price of $24.12 in a transaction dated on July 28, 2016. The total value of the transaction was worth $33,503.

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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