In a filing, Crocs Inc. revealed its Chief Executive Officer Rees Andrew unloaded Company’s shares for reported $2.62 million on Feb 17. In the deal valued at $130.77 per share,20,000 shares were sold. As a result of this transaction, Rees Andrew now holds 119,748 shares worth roughly $ 13.33 million.
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Then, Poole Michelle sold 11,055 shares, generating $1,443,908 in total proceeds. Upon selling the shares at $130.61, the President now owns 134,102 shares.
Before that, Bickley Ian sold 5,516 shares. Crocs Inc. shares valued at $738,720 were divested by the Director at a price of $133.92 per share. As a result of the transaction, Bickley Ian now holds 45,959 shares, worth roughly $5.12 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 -3.48% to $111.31. On the same session, the stock had its day’s lowest price of $109.47, but rose to a high of $115.09. Over the last five days, the stock has lost -10.99%. Crocs Inc. shares have risen nearly 2.66% since the year began. Nevertheless, the stocks have risen 52.17% over the past one year. While a 52-week high of $143.50 was reached on 02/16/23, a 52-week low of $46.08 was recorded on 01/05/23. SMA at 50 days reached $120.61, while 200 days put it at $85.81. A total of 2.0 million shares were traded, compared to the trading of 1.48 million shares in the previous session.
Levels Of Support And Resistance For CROX Stock
The 24-hour chart illustrates a support level at 108.82, which if violated will result in even more drops to 106.34. On the upside, there is a resistance level at 114.44. A further resistance level may holdings at 117.58. The Relative Strength Index (RSI) on the 14-day chart is 35.96, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -6.95, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.84%. Stochastics %K at 10.96% indicates the stock is a buying.
How much short interest is there in Crocs Inc.?
A steep rise in short interest was recorded in Crocs Inc. stocks on Jan 30, 2023, dropping by -0.47 million shares to a total of 5.4 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 5.87 million shares. There was a decline of -8.7%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 10.00% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.91.
Crocs Inc. [CROX] – Who Are The Largest Shareholders?
In filings from Fidelity Management & Research Co, it is revealed that the company now owns 6,740,411 shares, or roughly 10.92% of the outstanding CROX shares. In other words, the investor’s shares have fallen by -598,301 from its previous 13-F filing of 7338712.0. Additionally, BlackRock Fund Advisors decreased -0.52% of its stake after which the total value it holdings stand at $770,394,116, while The Vanguard Group, Inc. added 0.37% of its stake to hold $674.17 million in the firm. Over the last quarter, Marshall Wace LLP purchased 309,704 shares of Crocs Inc., while SSgA Funds Management, Inc. bought 27,232 shares. At present, Wellington Management Co. LLP is holding 1,715,028 shares valued at $208.74 million. Broad Peak Investment Advisers Pt owned 1,672,500 shares of the company at the time of its most recent 13F filing, worth $203.56 million.
According to FactSet, Crocs Inc.’s share price will average $150.33 in the next year, based on opinions of analysts polled by the firm. This is up nearly 32.67 percent from its previous closing price of $115.32. Analysts expect Crocs Inc. stock to reach the higher price of $185.00, while the lowest price estimate is $118.00.