Insider Selling in Skechers USA (SKX) Shares Continues

Thursday, December 21, 2017 10:15 PM ET

Insider Selling in Skechers USA (SKX) Shares Continues

There was a notable sale of shares of Skechers USA by an insider today, as revealed in a form 4 document filed with the SEC. One insider — Robert Greenberg, 10% Owner, Director and Officer — sold 500,000 shares in the company having a market value of approximately $18,829,070. There have been 4 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 281,250 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 781,250 shares and have averaged 156,250 shares per transaction over this time period.

The number of insider buy/sell trades at Skechers USA is above the 4 peer company average over the last 90-day period. The Mens Footwear peer group saw 6 buy/sell trades during this period for an average of 1.5 transactions per company. The number of shares per buy/sell trade for Skechers USA insiders was also higher. Within the peer group there were 0 shares purchased and 293,057 shares sold with company insiders disposing of 48,843 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 creating and writing this story.

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.

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