Skechers Approves Big Stock Split; Pentagon To Test Lockheed’s F-35
On the heels of a near tripling in its stock from a year ago, Skechers announced Friday that its board approved a three-for-one stock split, to be paid as a stock dividend on Oct. 15. As the market suffered another broad retreat, Skechers (SKX) investors kept walking, sending shares down more than 4% Friday. The stock remains above its rising 50-day moving average. Skechers shares soared 16% on July 30 after second-quarter results blew past views