This likely explains today’s downward pressure
Skechers (SKX -4.5%) trades weak after channel checks from OTR Global create some anxiety. In early February, the company issued a very strong backing of its Q1 guidance. The matter will be settled on April 27 when the company issues the earnings report and provided full-year guidance.
Shares of Skechers are down almost exactly 50% from their 52-week high.