Plus   Neg

Skechers Regains Ground But Continues To See Significant Weakness

After falling sharply early in the session, shares of Skechers (SKX) have regained some ground but remain notably lower in late-day trading on Thursday. Skechers is currently down by 4.6 percent after hitting a two-month intraday low.

The early decline by Skechers came after Cowen downgraded its rating on the footwear maker's stock to Market Perform from Outperform.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Video streaming giant Netflix said it will donate 1 million euros to Audiens, the social protection group of the French cultural sector, to help launch a COVID-19 emergency relief fund to support workers in the French television and cinema industry. Netflix and Audiens said they have created the new COVID-19 Film and TV Emergency Relief Fund to help the hardest hit workers in the industry. Major U.S. retail container ports are estimated to report a five-year low for imports in March as consumer demand has been impacted with millions of Americans out of work amid the coronavirus (COVID-19) outbreak, according to a report by the National Retail Federation or NRF. The U.S. Food and Drug Administration has issued warning letters to three sellers of fraudulent COVID-19 products. There are currently no approved preventatives or treatments for COVID-19, the FDA said in a statement.
Follow RTT