A Guide To The Risks Of Investing In Crocs Inc. (CROX)

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Crocs Inc.’s recent filing unveils that its President Poole Michelle unloaded Company’s shares for reported $0.59 million on Aug 25. In the deal valued at $80.26 per share,7,320 shares were sold. As a result of this transaction, Poole Michelle now holds 168,905 shares worth roughly $ 13.58 million.


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Then, SISLER SHANNON sold 3,164 shares, generating $253,120 in total proceeds. Upon selling the shares at $80.00, the EVP, Chief People Officer now owns 49,303 shares.

Before that, SMACH THOMAS J bought 5,000 shares. Crocs Inc. shares valued at $249,950 were divested by the Director at a price of $49.99 per share. As a result of the transaction, SMACH THOMAS J now holds 10,000 shares, worth roughly $0.8 million.

Exane BNP Paribas initiated its Crocs Inc. [CROX] rating to a Neutral in a research note published on Monday. Loop Capital also remained covering CROX and has increased its forecast on July 05, 2022 with a “Buy” recommendation from previously “Hold” rating. Wedbush started covering the stock on April 29, 2022. It rated CROX as “an Outperform”.

Price Performance Review of CROX

On Monday, Crocs Inc. [NASDAQ:CROX] saw its stock fall -5.83% to $80.40. On the same session, the stock had its day’s lowest price of $77.56, but rose to a high of $86.97. Over the last five days, the stock has gained 13.64%. Crocs Inc. shares have fallen nearly -37.30% since the year began. Nevertheless, the stocks have fallen -55.38% over the past one year. While a 52-week high of $183.88 was reached on 01/12/22, a 52-week low of $46.08 was recorded on 07/01/22. SMA at 50 days reached $75.15, while 200 days put it at $71.68. A total of 3.19 million shares were traded, compared to the trading of 2.9 million shares in the previous session.

Levels Of Support And Resistance For CROX Stock

The 24-hour chart illustrates a support level at 76.32, which if violated will result in even more drops to 72.23. On the upside, there is a resistance level at 85.73. A further resistance level may holdings at 91.05. The Relative Strength Index (RSI) on the 14-day chart is 55.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.23, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 32.25%. Stochastics %K at 77.06% indicates the stock is a holding.

How much short interest is there in Crocs Inc.?

A steep rise in short interest was recorded in Crocs Inc. stocks on Jul 14, 2022, growing by 0.69 million shares to a total of 3.61 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 2.92 million shares. There was a rise of 19.11%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 6.72% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.36.

Crocs Inc. [CROX] – Who Are The Largest Shareholders?

In filings from Fidelity Management & Research Co, it is revealed that the company now owns 6,966,865 shares, or roughly 11.30% of the outstanding CROX shares. In other words, the investor’s shares have risen by 1,258,538 from its previous 13-F filing of 5708327.0. Additionally, BlackRock Fund Advisors increased 6.77% of its stake after which the total value it holdings stand at $436,854,125, while The Vanguard Group, Inc. reduced -0.67% of its stake to hold $387.35 million in the firm. Over the last quarter, SSgA Funds Management, Inc. purchased 51,278 shares of Crocs Inc., while Geode Capital Management LLC bought -2,325 shares. At present, Wellington Management Co. LLP is holding 1,063,479 shares valued at $73.02 million. Broad Peak Investment Advisers Pt owned 995,000 shares of the company at the time of its most recent 13F filing, worth $68.32 million.

According to FactSet, Crocs Inc.’s share price will average $92.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 11.27 percent from its previous closing price of $85.38. Analysts expect Crocs Inc. stock to reach the higher price of $115.00, while the lowest price estimate is $65.00. However, 12 analysts have rated CROX stock as an Overweight in their predictions for 2022.

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