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.
The stock has recorded a 20-day Moving Average of 0.89% and the 50-Day Moving Average is 9.24%.The 200 Day SMA reached 17%. Skechers U.S.A., Inc. has dropped 22.78% during the last 3-month period . Year-to-Date the stock performance stands at -19.33%.
Skechers U.S.A. (NYSE:SKX): The stock opened in the green at $24.49 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $24.7 and a low of $24.21 for the day. The stock did not find buyers even at the lows and closed at $24.37 recording a loss of -0.37%. 1,293,026 shares exchanged hands during the trading day. The stock had closed at $24.46 in the previous days trading.
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.