Skechers U.S.A. Inc. (SKX) Moves Lower on Volume Spike for October 22

Equities Staff  |

Skechers U.S.A. Inc. (SKX) traded on unusually high volume on Oct. 22, as the stock lost 4.95% to close at $28.25. On the day, Skechers U.S.A. Inc. saw 5.84 million shares trade hands on 36,813 trades. Considering that the stock averages only a daily volume of 3 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 $23.80 over the last 52-weeks, its 50-day SMA is now $27.89, and its 200-day SMA $32.95. Skechers U.S.A. Inc. has a P/B ratio of 2.28. It also has a P/E ratio of 25.

Skechers USA Inc manufactures footwear for children, men and women under Skechers GO brand name offering two distinct footwear categories: a lifestyle division and performance footwear. Its products include branded apparel, bags, eyewear, toys, and more.

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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