The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Crocs Inc. shares valued at $249,950 were purchased by SMACH THOMAS J on May 25. At $49.99 per share, SMACH THOMAS J acquired 5,000 shares. The insider’s holdings grew to 10,000 shares worth approximately $0.69 million following the completion of this transaction.
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Also, Bickley Ian purchased 5,000 shares, netting a total of over 291,200 in proceeds. Following the buying of shares at $58.24 each, the insider now holds 46,197 shares.
Before that, Hart Daniel P had added 5,000 shares to its account. In a trade valued at $263,145, the Executive Vice President bought Crocs Inc. shares for $52.63 each. Upon closing the transaction, the insider’s holdings increased to 5,000 shares, worth approximately $18.19 million.
Analysts at Loop Capital upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early July. As of April 29, 2022, Wedbush has initiated its “an Outperform” rating for CROX. Earlier on April 04, 2022, Loop Capital downgraded its rating. Their new recommendation was “a Hold” for CROX stock which previously was a “a Buy”.
Analyzing CROX’s Price Performance
On Thursday, Crocs Inc. [NASDAQ: CROX] plunged -10.73% to $69.08. The stock’s lowest price that day was $66.01, but it reached a high of $71.81 in the same session. During the last five days, there has been a surge of approximately 3.79%. Over the course of the year, Crocs Inc. shares have dropped approximately -46.12%. Shares of the company reached a 52-week high of $136.81 on 01/12/22 and a 52-week low of $46.08 on 07/01/22. A 50-day SMA is recorded $56.69, while a 200-day SMA reached $96.56. Nevertheless, trading volume fell to 6.34 million shares from 1.58 million shares the previous day.
Support And Resistance Levels for Crocs Inc. (CROX)
According to the 24-hour chart, there is a support level at 66.12, which, if violated, would cause prices to drop to 63.17. In the upper region, resistance lies at 71.92. The next price resistance is at 74.77. RSI (Relative Strength Index) is 59.34 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 7.86, which suggests the price will increase in the coming days. Percent R is at 37.48%, indicating low price movement. Stochastics %K at selling indicates that the stock is to be held.
Is Crocs Inc. subject to short interest?
Stocks of Crocs Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 0.69 million shares to 3.61 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 2.92 million shares. A jump of 19.11% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.36 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.36.
Which companies own the most shares of Crocs Inc. (CROX)?
According to BlackRock Fund Advisors filings, the company currently owns 5,959,318 shares, which is about 9.68% of the total CROX shares outstanding. The investor’s shares have appreciated by 147,935 from its previous 13-F filing of 5811383.0 shares. With the completion of the buy transaction, Fidelity Management & Research Co’s stake is now worth $277,824,275. The Vanguard Group, Inc. acquire a 4.32% interest valued at $276.43 million while SSgA Funds Management, Inc. purchased a 34,835 stake. A total of -25,436 shares of Crocs Inc. were bought by Dimensional Fund Advisors LP during the quarter, and 136,056 were bought by Citadel Advisors LLC. In its current portfolio, Geode Capital Management LLC holds 1,081,532 shares valued at $52.64 million.
In terms of Crocs Inc. share price expectations, FactSet research, analysts set an average price target of $89.44 in the next 12 months, up nearly 16.31% from the previous closing price of $77.38. Analysts anticipate Crocs Inc. stock to reach $125.00 by 2022, with the lowest price target being $54.00. In spite of this, 12 analysts ranked Crocs Inc. stock as an Overweight at the end of 2022.