Home Analysts Viewpoint Crocs Inc. [CROX] stock for 587,503 USD was sold by Poole Michelle

Crocs Inc. [CROX] stock for 587,503 USD was sold by Poole Michelle

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Crocs Inc. [CROX] stock for 587,503 USD was sold by Poole Michelle

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 $587,503 were sold by Poole Michelle on Aug 25. At $80.26 per share, Poole Michelle sold 7,320 shares. The insider’s holdings dropped to 168,905 shares worth approximately $12.94 million following the completion of this transaction.


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Also, SISLER SHANNON sold 3,164 shares, netting a total of over 253,120 in proceeds. Following the sale of shares at $80.00 each, the insider now holds 49,303 shares.

Before that, SMACH THOMAS J had added 5,000 shares to its account. In a trade valued at $249,950, the Director bought Crocs Inc. shares for $49.99 each. Upon closing the transaction, the insider’s holdings increased to 5,000 shares, worth approximately $0.77 million.

As published in their initiating research note from Exane BNP Paribas on September 21, 2022, Crocs Inc. [CROX] has been a Neutral. As of July 05, 2022, Loop Capital has increased its “Hold” rating to a “Buy” for CROX. Earlier on April 29, 2022, Wedbush initiated its rating. Their recommendation was “an Outperform” for CROX stock.

Analyzing CROX Stock Performance

On Thursday, Crocs Inc. [NASDAQ: CROX] rose 14.24% to $76.60. The stock’s lowest price that day was $67.61, but it reached a high of $78.48 in the same session. During the last five days, there has been a surge of approximately 4.37%. Over the course of the year, Crocs Inc. shares have dropped approximately -40.26%. 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 $75.00, while a 200-day SMA reached $71.90. Nevertheless, trading volume fell to 5.12 million shares from 1.61 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 69.98, which, if violated, would cause prices to drop to 63.36. In the upper region, resistance lies at 80.85. The next price resistance is at 85.10. RSI (Relative Strength Index) is 52.82 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.22, which suggests the price will decrease in the coming days. Percent R is at 36.31%, indicating low price movement. Stochastics %K at holding 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 Fidelity Management & Research Co filings, the company currently owns 6,966,865 shares, which is about 11.30% of the total CROX shares outstanding. The investor’s shares have appreciated by 1,258,538 from its previous 13-F filing of 5708327.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $436,854,125. The Vanguard Group, Inc. reduced a -0.67% interest valued at $387.35 million while SSgA Funds Management, Inc. purchased a 51,278 stake. A total of -2,325 shares of Crocs Inc. were bought by Geode Capital Management LLC during the quarter, and 72,455 were bought by Wellington Management Co. LLP. In its current portfolio, Broad Peak Investment Advisers Pt holds 995,000 shares valued at $68.32 million.

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