Insider Sales at Skechers USA (SKX) are Significant and Extend the Selling Trend of Last Quarter

Thursday, November 02, 2017 10:15 PM ET

Insider Sales at Skechers USA (SKX) are Significant and Extend the Selling Trend of Last Quarter

There was substantial level of selling of Skechers USA shares today, as disclosed in filings with the SEC. Two insiders — Michael Greenberg, Director and Officer, and Jeffrey Greenberg, Director — disposed of 180,000 shares in the company having a market value of approximately $5,730,849. There have been 2 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the disposition of 26,504 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 206,504 shares and have averaged 51,626 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at Skechers USA is higher than the 4-company peer group average. Mens Footwear peer group saw 3 buy/sell trades during this period for an average of 0.8 transactions per company. The number of shares per buy/sell trade for Skechers USA insiders was also higher. Within the peer group there were 5,000 shares purchased and 26,504 shares sold with company insiders having sold 7,168 shares on average.

Significant insider buying and selling activity has been determined by eliminating all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers in data sourced in composing and writing this story.

Today’s Insider Activity
* Michael Greenberg, Director and Officer, sold 150,000 shares
* Jeffrey Greenberg, Director, sold 30,000 shares

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

For more information, contact UpTick at info@uptickdata.com. Copyright 2017 UpTick Data Technologies. All rights reserved.

This entry was posted in InsiderNews and tagged , , , , . Bookmark the permalink.