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Stock Market & Financial Investment News

News Breaks
February 14, 2013
11:39 EDTSKXSkechers spikes higher on much better than expected results, levels to watch
Last night after the close, the company reported earnings for Q4 of 8 cents per share versus expectations of an 11 cent loss. Shares are up over 12.8% at time of writing, last at $22.09. At the price, next resistance is at $22.37, a six-month high. Support is at $21.89. Susquehanna bumped its price target to $25 today in response to the improved results.
News For SKX From The Last 14 Days
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May 19, 2015
09:05 EDTSKXSkechers price target raised to $117 from $89 at Susquehanna
Susquehanna raised its price target on Skechers to $117 from $89 citing strong sell-through and continued order momentum. The firm believes investors are beginning to appreciate the company's inventory management, strong operating leverage, and underlying gross margin performance and sees this generating further stock appreciation. Susquehanna reiterated its Positive rating on the stock.
07:27 EDTSKXSkechers moves into second place in U.S. sports footwear market, WSJ says
Skechers (SKX) moved past Adidas (ADDYY) and into second place, behind Nike (NKE), in the U.S. athletic footwear market, reports the Wall Street Journal. Reference Link

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