Skechers U.S.A. (SKX) Jumps: Stock Rises 7.5%
Skechers U.S.A., Inc. SKX was a big mover last session, as the company saw its shares rise nearly 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $37.91–$41.19 in the past one-month time frame, witnessed a sharp increase on Friday.
Skechers U.S.A has seen the Zacks Consensus Estimate for the current quarter being revised downward over past two months, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Skechers U.S.A currently has a Zacks Rank #2 (Buy) while its Earnings ESP is negative.
Skechers U.S.A., Inc. Price and Consensus
Skechers U.S.A., Inc. Price and Consensus | Skechers U.S.A., Inc. Quote
Another stock in the Shoes and Retail Apparel industry is Deckers Outdoor Corporation (DECK) which carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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