SKX's 10% Jump

Investment Analysis Clubs Saul’s Investing Discussions
1

Up over 10% today. From Motley Fool’s Timothy Green:

Shares of footwear company Skechers (NYSE:SKX) jumped on Wednesday, closing up 10.15%. There was no specific news driving the stock, but with shares of Skechers down about 44% over the past month going into Wednesday, a strong day for the stock market was enough to send the stock soaring.

…

After massive declines, it’s not all that uncommon to have big positive days driven by no real news at all. The strong stock market on Wednesday certainly helped, with the S&P 500 up about 1.6%, but Skechers is still well below pre-earnings levels. The stock may continue to be volatile, but for long-term investors, it’s the performance of the company that really matters.

Read the whole thing at http://www.fool.com/investing/general/2015/11/18/why-shares-…

  • Matt
3 Likes
2

Last night Cramer said it was a good buy, but not sure he can make it pop 10%.

1 Like
3

Nice conviction buyer day. A weekly close over 29.15 could mean sentiment has changed on the stock. That would be nice

4

Here’s one thought: Skechers presented at the Morgan Stanley Global Investor conference on November 17th and they did a very good job on their presentations.

4 Likes