Deckers Outdoor Falling On Heavy Volume (DECK)

Shares of Deckers Outdoor DECK are falling on heavier than normal volume on Tuesday, likely on profit taking. This stock has had a massive run over the last month, rising more than 30%. During Tuesday's trading session, however, DECK has lost 1.47% to $81.69. Volume has been heavier than normal with more than 2.3 million shares already trading hands compared to a daily average volume of around 2 million shares. Deckers is a footwear apparel company. The Company markets its products under three brands: UGG, Teva and Simple. The Company acquired 100% of the ownership interest of Ahnu, Inc. in March 2009.