Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Crocs Inc shares valued at $1,427,577 were sold by SMACH THOMAS J on May 10 ’24. At $140.32 per share, SMACH THOMAS J sold 10,174 shares. The insider’s holdings dropped to 115,339 shares worth approximately $16.45 million following the completion of this transaction.
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Also, REPLOGLE JOHN B purchased 1,972 shares, netting a total of over 249,949 in proceeds. Following the buying of shares at $126.75 each, the insider now holds 3,153 shares.
Before that, Poole Michelle had sold 5,074 shares from its account. In a trade valued at $634,144, the President traded Crocs Inc shares for $124.98 each. Upon closing the transaction, the insider’s holdings decreased to 5,074 shares, worth approximately $7.55 million.
As published in a research note from Monness Crespi & Hardt on May 08, 2024, Crocs Inc [CROX] has been retained to a Buy and the price target has been revised to $170. Analysts at Barclays started covering the stock with ‘”an Overweight”‘ outlook in a report released in early April. As of February 07, 2024, KeyBanc Capital Markets has initiated its “an Overweight” rating for CROX. Earlier on December 12, 2023, BofA Securities initiated its rating. Their recommendation was “a Buy” for CROX stock.
Analyzing CROX Stock Performance
During the last five days, there has been a surge of approximately 0.43%. Over the course of the year, Crocs Inc shares have jumped approximately 52.68%. Shares of the company reached a 52-week high of $148.16 on 05/15/24 and a 52-week low of $85.71 on 01/05/24. A 50-day SMA is recorded $133.38, while a 200-day SMA reached $106.96. Nevertheless, trading volume fell to 1.11 million shares from 0.81 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 139.88, which, if violated, would cause prices to drop to 137.14. In the upper region, resistance lies at 144.98. The next price resistance is at 147.34. RSI (Relative Strength Index) is 60.50 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.48, which suggests the price will increase in the coming days. Percent R is at 24.48%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
