Skechers (SKX +9.9%) goes on a roller coaster ride after a SEC filing (13D) reveals a...

|About: Skechers USA Inc. (SKX)|By:, SA News Editor

Skechers (SKX +9.9%) goes on a roller coaster ride after a SEC filing (13D) reveals a distribution of a large block of shares from investor Gil Schwartzberg that appears to be tied to estate planning. The price action may be a speculative read by investors that the shares - repping over 9% of the company - are now freed up for a buyout play.