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Insider Trends: Skechers USA Insider Extends 90-Day Selling Trend

05/10/2021 14:49

06:43 PM EDT, 05/10/2021 (MT Newswires) -- On May 06, 2021, Jeffrey Greenberg, Director, reported a sale of 4,344 shares in Skechers USA (SKX) for $213,050. Greenberg, after the transactions described in the SEC Form 4 filing, controls 1,242,641 shares of the company of which 630 shares are held directly and 1,242,011 shares are owned indirectly. The market value of the direct and indirect holdings, based on the prior-day closing price, is approximately $61,622,563.

Over the last 90 days, previous to the date of this filing, there have been 15 insider transactions reported to the SEC for Skechers USA. These transactions came from the activities of 7 separate insiders that resulted in a net disposition of 288,717 company shares. This compares with the preceding 90-day window of time where there were 6 transactions from 2 insiders and resulted in the net disposition of 450,000 shares.

This level of insider transactions is lower than the peer group average in the 4-company Mens Footwear peer group over the last 90-day period. Activity in the peer group averaged 206.5 transactions per company, and disposition of 75,400 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1065837/000120919121031403/xslF345X03/doc4.xml

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.