Why Skechers Stock Rose 11% in May
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.
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Source Fool.com