The Sell-Off in Deckers Outdoor Continues

Shares of Deckers Outdoor

have been among the most active names on the Nasdaq on Thursday. The high flying stock has been in a downtrend since peaking in October at over $117.00. At last check, DECK shares had fallen almost 7% on heavy volume despite a rally in the broader market. Over the last month, DECK has lost nearly 25% and is currently trading at $78.79. Volume has been heavy with more than 1.8 million DECK shares already changing hands on the day compared to a 3-month daily average of a little less than 1.4 million. Deckers Outdoor Corporation (Deckers) is a designer, producer, marketer, and brand manager of footwear and accessories. The company is the maker of the popular UGG and Teva footwear brands.