Skechers Climbs Off Worst Levels But Remains Sharply Lower
After gapping open sharply lower, shares of Skechers (SKX) have climbed off their worst levels of the day but continue to see substantial weakness in afternoon trading on Friday. Skechers is currently down by 21.9 percent after hitting its lowest intraday level in over a year.
The initial sell-off by Skechers came after the footwear company reported weaker than expected second quarter earnings.
by RTTNews Staff Writer
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