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Skechers Trading Volume Surges to 426th Position with $249 Million in Shares Traded

Market BriefWednesday, Apr 23, 2025 7:38 pm ET

1min read

On April 23, 2025, Skechers (SKX) saw a significant increase in trading volume, with a total of $249 million in shares traded, marking a 34.43% rise from the previous day. This surge placed Skechers at the 426th position in terms of trading volume for the day. The stock price also rose by 1.77%, marking the second consecutive day of gains, with a total increase of 4.49% over the past two days.

Skechers is set to release its first-quarter 2025 earnings results on April 24, 2025, after the market closes. Investors are eagerly awaiting these results to assess the company's performance and make informed decisions. The earnings report will be accompanied by a conference call scheduled at 4:30 PM ET, providing an opportunity for further insights and discussions.

Analysts have been closely monitoring Skechers' performance, with Piper Sandler maintaining a Hold rating on the stock and setting a price target of $50.00. Additionally, TD Cowen has revised its price target for Skechers, lowering it from $68.00 to $63.00, while retaining a Buy rating. These analyst opinions reflect the mixed sentiments surrounding the company's prospects and potential for growth.

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