Wall Street steps into Skechers after CEO buys shares

Skechers USA's stock was on track for its best day in over two years on Thursday after the shoe seller's chief executive bought $11 million worth of the beleaguered shares and a brokerage recommended it after viewing new products at a trade show. Skechers sprang to life and jumped 15 percent to $26.15 after the company revealed in a filing late the day before that founder and CEO Robert Greenberg recently purchased 500,000 shares. The retailer has enjoyed double-digit annual revenue growth since