Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Crocs Inc shares valued at $249,949 were purchased by REPLOGLE JOHN B on Mar 14 ’24. At $126.75 per share, REPLOGLE JOHN B acquired 1,972 shares. The insider’s holdings grew to 3,153 shares worth approximately $0.42 million following the completion of this transaction.
Also, Poole Michelle sold 5,074 shares, netting a total of over 634,144 in proceeds. Following the sale of shares at $124.98 each, the insider now holds 52,966 shares.
Before that, Hart Daniel P had sold 10,000 shares from its account. In a trade valued at $1,184,823, the Executive Vice President traded Crocs Inc shares for $118.48 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $29.47 million.
As published in their initiating research note from Barclays on April 01, 2024, Crocs Inc [CROX] has been an Overweight and the price target has been revised to $167. Analysts at KeyBanc Capital Markets started covering the stock with ‘”an Overweight”‘ outlook in a report released in early February. As of December 12, 2023, BofA Securities has initiated its “Buy” rating for CROX. Earlier on November 28, 2023, Raymond James upgraded its rating. Their new recommendation was “a Strong buy” for CROX stock which previously was a “an Outperform”.
Analyzing CROX Stock Performance
During the last five days, there has been a drop of approximately -6.04%. Over the course of the year, Crocs Inc shares have jumped approximately 43.86%. Shares of the company reached a 52-week high of $146.79 on 04/01/24 and a 52-week low of $85.71 on 01/05/24. A 50-day SMA is recorded $120.57, while a 200-day SMA reached $103.84. Nevertheless, trading volume fell to 1.24 million shares from 1.08 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 131.40, which, if violated, would cause prices to drop to 128.41. In the upper region, resistance lies at 139.19. The next price resistance is at 144.00. RSI (Relative Strength Index) is 53.75 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.38, which suggests the price will decrease in the coming days. Percent R is at 59.95%, 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 Mar 15, 2024 jumping by 0.65 million shares to 5.5 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 4.85 million shares. A jump of 11.82% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 4.08 of the overall float, the days-to-cover ratio (short ratio) jumped to 4.08.
