Sport shoes maker Skechers USA Inc said on Friday it will explore buying a stake in the Los Angeles Clippers basketball team, whose owner is at the center of a controversy over alleged racist remarks. The commissioner of the National Basketball Association has banned team owner Donald Sterling for life over the alleged comments, raising the likelihood that the team will be sold.
Skechers U.S.A., Inc. (Skechers) designs and markets Skechers-branded lifestyle footwear for men, women and children, and performance footwear for men and women under several lines. Shares of SKX fell by 0.76% or $-0.32/share to $41.65. In the past year, the shares have traded as low as $19.99 and as high as $42.01. On average, 653634 shares of SKX exchange hands on a given day and today's volume is recorded at 62181.
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