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Why Skechers Stock Dropped Today

TheMotleyFool

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While the broad stock market was soaring on interest rate cuts today, Skechers (NYSE: SKX), the casual footwear specialist, was moving in the opposite direction, tumbling after it told investors that China sales were weaker than expected at an industry conference.

As a result, the stock finished down 9.6% on the news.

Image source: Getty Images.

Source Fool.com

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