Skechers U S A Inc - Class A

NYSE: SKX
$58.82
-$0.33 (-0.6%)
Closing price April 25, 2024
Skechers U.S.A., Inc. is a global leader in the footwear industry, offering a wide range of shoes for men, women, and children. Known for its innovative designs like Skechers Hands Free Slip-ins, Arch Fit, and Air-Cooled Memory Foam, the company caters to both casual and professional needs, including slip-resistant and safety-toe footwear. Skechers sells its products through a variety of channels, including department and specialty stores, its own retail and online platforms, and through franchisees. Founded in 1992, Skechers calls Manhattan Beach, California its home.
Skechers, Vodaphone, AT&T, and Yum China all posted new 52-week lows Friday.
Sketchers released mixed second-quarter financial results after the markets closed on Thursday. It didn’t help the company that analysts piled on, sending shares down even further.
The top analyst upgrades, downgrades and other research calls from Thursday include American Electric Power, Facebook, Microsoft, PayPal, Philip Morris, Spotify and Under Armour.
Skechers shares plunged Friday even though it reported solid quarterly results late on Thursday.
The top analyst upgrades, downgrades and other research calls from Friday include Alcoa, Apple, Amazon, Facebook, Kinder Morgan, Philip Morris, Procter & Gamble, Twitter and Williams Companies.
The top analyst upgrades, downgrades and other research calls from Wednesday include Callaway Golf, Juniper Networks, Marvell Technology, Oasis Petroleum, Skechers, U.S. Steel, Zayo and Zillow.
The top analyst upgrades, downgrades and other research calls from Friday include Baidu, Barclays, Celgene, HPE, Intel, Kimberly-Clark, Lululemon, PayPal and Stratasys.
The top analyst upgrades, downgrades and other research calls from Monday include Apple, Chevron, eBay, Gap, Halliburton, Juniper Networks and Yelp.
The top analyst upgrades, downgrades and other research calls seen on Thursday include Analog Devices, BP, First Data, General Electric, Goodyear, Illinois Tool Works, NRG Energy and Palo Alto...
The top analyst upgrades, downgrades and initiations seen on Wednesday include Boeing, Capital One, CenturyLink, Morgan Stanley, NRG Energy and Vertex Pharmaceuticals.
The top analyst upgrades, downgrades and initiations seen on Friday include Adobe, Alcoa, Apple, Cogent Communications, GameStop, Micron Technology and Under Armour.
The top analyst upgrades, downgrades and initiations seen on Tuesday morning include Netflix, Nike, Pandora Media, SunPower and United Continental.
With all the markets recently hitting all-time highs for the first time since 1999, logic would seem to dictate a slowdown in insider buying activity, but just the opposite has happened.
Some companies are hitting lows and creating huge shareholder losses while the market is just below all-time highs but still struggling. These are the same companies holding back the market and...
While Sketchers had a small miss on the bottom line, the real fallout for the stock came from the guidance.