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Is Skechers USA Inc (SKX) Stock About to Get Hot Tuesday?

Tuesday, October 19, 2021 10:30 AM | InvestorsObserver Analysts
Is Skechers USA Inc (SKX) Stock About to Get Hot Tuesday?

Overall market sentiment has been neutral on Skechers USA Inc (SKX) stock lately. SKX receives a Neutral rating from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,neutral
Skechers USA Inc has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on SKX!

What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With SKX Stock Today?

Skechers USA Inc (SKX) stock is trading at $43.90 as of 10:19 AM on Tuesday, Oct 19, a gain of $0.24, or 0.55% from the previous closing price of $43.66. The stock has traded between $43.88 and $45.39 so far today. Volume today is below average. So far 179,403 shares have traded compared to average volume of 1,531,725 shares. To screen for more stocks like Skechers USA Inc click here.

More About Skechers USA Inc

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, girl's shoes, boy's 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. The company's operating segments include Domestic Wholesale, International Wholesale, and Direct-to-Consumer. It generates maximum revenue from the International Wholesale segment. Click Here to get the full Stock Report for Skechers USA Inc stock.

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