Why Deckers Outdoor's Stock Is Trading Higher Today

Deckers Outdoor Corporation (NYSE:DECK) shares are trading higher after Wedbush upgraded the company’s stock from Neutral to Outperform.

"Our analysis & conversations with mgmt give us confidence that its business model should be able to weather the current global economic shock with notably less sales & earnings pressure than peers, supported by a solid balance sheet & compelling valuation, with shares trading at a ~20% discount to historic levels," said Wedbush analyst Christopher Svezia.


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


Deckers Outdoor designs and sells casual and performance footwear, apparel and accessories. Primary brands include UGG, Teva, and Sanuk.

Deckers Outdoor shares were trading up 15% at $131.24 on Tuesday. The stock has a 52-week high of $203.19 and a 52-week low of $78.70.

Posted In: NewsUpgradesAnalyst RatingsMoversTrading Ideaswhy it's moving