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Stock Market & Financial Investment News

News Breaks
May 2, 2014
08:55 EDTSKXSkechers tp explore purchasing an interest in Los Angeles Clippers
SKECHERS USA announced that it will explore acquiring an interest in the Los Angeles Clippers basketball team. The company is consulting with its advisors about leading an investment group to acquire an interest in the team.
News For SKX From The Last 14 Days
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December 16, 2014
12:52 EDTSKXSkechers nears session lows, levels to watch
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12:40 EDTSKXSkechers decline on December sales concerns unwarranted, analyst says
Shares of footwear maker Skechers (SKX) are falling, but research firm Sterne Agee suggested that the decline is based on inaccurate information. WHAT'S NEW: The volatility in Skechers' stock today was likely due to commentary suggesting that the company's December sales have been disappointing, Sterne Agee analyst Sam Poser wrote in a note to investors today. Most of Skechers' customers say that sales of the company's footwear continue to rise by at least 10% annually, Poser reported after speaking with a number of customers. Moreover, large retailers expect sales of Skechers' products to rise by at least 10% next year, the analyst stated. Skechers' momentum is continuing, according to Poser, who identified the stock as a top pick and kept a $70 price target and Buy rating on the shares. PRICE ACTION: In early afternoon trading, Skechers fell 4.5% to $54.85.
10:51 EDTSKXSkechers weakness based on inaccurate information, says Sterne Agee
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