Why These 10 Firms Soared on Monday

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1. Skechers U.S.A., Inc. (NYSE:SKX)

Skechers USA soared by 24.35 percent on Monday to end at $61.39 apiece as investors gobbled up shares following news that private equity firm 3G Capital is set to acquire the company for $9.4 billion.

In a statement, 3G Capital agreed to acquire shares of Skechers U.S.A., Inc. (NYSE:SKX) at a price of $63 apiece. The price represented a premium of 30 percent to the shoemaker’s 15-day volume-weighted average stock price.

“With a proven track record, Skechers is entering its next chapter in partnership with the global investment firm 3G Capital. Given their remarkable history of facilitating the success of some of the most iconic global consumer businesses, we believe this partnership will support our talented team as they execute their expertise to meet the needs of our consumers and customers while enabling the company’s long-term growth,” said Skechers U.S.A., Inc. (NYSE:SKX) Chairman and CEO Robert Greenberg.

Greenberg will continue to lead the company even with the assumption of the new management.

While we acknowledge the potential of SKX as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than SKX but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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