Skechers U.S.A. Inc. (SKX) Moves Higher on Volume Spike for January 17

Equities Staff  |

Skechers U.S.A. Inc. (SKX) traded on unusually high volume on Jan. 17, as the stock gained 6.31% to close at $26.95. On the day, Skechers U.S.A. Inc. saw 12.78 million shares trade hands on 61,689 trades. Considering that the stock averages only a daily volume of 2.61 million shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $43.08 and $21.45 over the last 52-weeks, its 50-day SMA is now $25.80, and its 200-day SMA $29.09. Skechers U.S.A. Inc. has a P/B ratio of 2.1. It also has a P/E ratio of 21.3.

Skechers USA Inc is a lifestyle footwear company under the Skechers GO brand name. Products offered include various styles of women's shoes, men's shoes, girls' shoes, boys' shoes, performance shoes and work shoes. Allied products offered are apparel, bags, eyewear, toys, and more. Its products are available for sale at department and specialty stores, athletic and independent retailers, boutiques and internet retailers. Geographic areas in which its products are sold include United States, Canada, Other International that comprise of Asia, Central America, Europe, North America, and South America. Income is derived from the sale of footwear and royalties earned from licensing the Skechers brand.

Headquartered in Manhattan Beach, CA, Skechers U.S.A. Inc. has 11,800 employees and is currently under the leadership of CEO Robert Greenberg.

For a complete fundamental analysis analysis of Skechers U.S.A. Inc., check out’s Stock Valuation Analysis report for SKX.

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To get more information on Skechers U.S.A. Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: SKX’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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