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Why Skechers Stock Rose 11% in May

TheMotleyFool

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Shares of Skechers (NYSE: SKX) outperformed a surging stock market last month. The stock rose 11% in May compared with a 4.5% increase in the S&P 500, according to data provided by S&P Global Market Intelligence.

Yet the boost only erased a portion of the losses that investors have seen in recent months, and the stock is still down over 15% since the start of 2020.

Image source: Getty Images.

Source Fool.com

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