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Taking a look at what insiders are doing to gauge the Crocs Inc (CROX)’s direction

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 $1,601,507 were sold by Rees Andrew on Jun 17 ’24. At $160.15 per share, Rees Andrew sold 10,000 shares. The insider’s holdings dropped to 79,748 shares worth approximately $11.94 million following the completion of this transaction.

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Also, MEHLMAN ANNE sold 7,150 shares, netting a total of over 1,136,916 in proceeds. Following the sale of shares at $159.01 each, the insider now holds 143,075 shares.

Before that, MICHAELS ADAM had sold 2,164 shares from its account. In a trade valued at $332,477, the EVP, Chief Digital Officer traded Crocs Inc shares for $153.64 each. Upon closing the transaction, the insider’s holdings decreased to 2,164 shares, worth approximately $16.34 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 0.71%. Over the course of the year, Crocs Inc shares have jumped approximately 60.26%. Shares of the company reached a 52-week high of $165.32 on 06/20/24 and a 52-week low of $85.71 on 01/05/24. A 50-day SMA is recorded $144.18, while a 200-day SMA reached $114.56. Nevertheless, trading volume fell to 0.51 million shares from 1.28 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 145.89, which, if violated, would cause prices to drop to 143.87. In the upper region, resistance lies at 150.03. The next price resistance is at 152.15. RSI (Relative Strength Index) is 50.35 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.45, which suggests the price will decrease in the coming days. Percent R is at 77.35%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

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