SKX Stock Trades 10% Below 52-Week High: Bullish Signal for Investors?

Skechers U.S.A., Inc.’s (SKX) shares are currently trading 9.8% below its 52-week high of $75.09 attained on June 12, 2024, making investors contemplate their next moves. In the past year, the SKX stock has gained 8.1%, comfortably outperforming the Zacks Shoes and Retail Apparel industry’s 22.9% decline.SKX Stock Past-Year Performance Image Source: Zacks Investment Research This leading designer and producer of innovative, niche footwear and accessories closed Tuesday’s trading session at $67.73. The stock ...