Time New York: Wed 16 Jan 02:41 am  |  Save 15% on H&R Block Online


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

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.

Is SKX going up? Or down? Predict to see what others think: Up or Down

Wall Street’s Next Amazon

Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.

Click for details >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

To read this article on Zacks.com click here.

Zacks Investment Research
<-- You can share this post with your network,
or give us your opinion and leave a comment.
Be sure to check our RSS feeds for updates.