Scalper1 News
The once-hot shoemaker industry group was stopped in its tracks after one of its leaders missed sales forecasts last week. Skechers (SKX) gapped down and plunged nearly 32% Friday, tumbling below its 50-day and 200-day moving averages in fast trade. Shares are about 40% below their Aug. 6 peak. Late Thursday, the Manhattan Beach, Calif.-based company reported Q3 adjusted earnings that rose 76% to 58 cents, 3 cents over views. Revenue grew 27% to Scalper1 News
Scalper1 News