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The Potential Rise in the Price of Crocs Inc (CROX) following insiders activity

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In a filing, Crocs Inc revealed its Director TREFF DOUGLAS J unloaded Company’s shares for reported $1.4 million on Aug 08 ’24. In the deal valued at $132.38 per share,10,594 shares were sold. As a result of this transaction, TREFF DOUGLAS J now holds 81,254 shares worth roughly $10.46 million.

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Then, TREFF DOUGLAS J bought 10,594 shares, generating $1,387,814 in total proceeds.

Before that, REPLOGLE JOHN B bought 1,996 shares. Crocs Inc shares valued at $247,420 were divested by the Director at a price of $123.96 per share. As a result of the transaction, REPLOGLE JOHN B now holds 7,064 shares, worth roughly $0.91 million.

A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in early August from “a Strong buy” to “an Outperform”. Monness Crespi & Hardt also remained covering CROX and reiterated its “Buy” recommendation on May 08, 2024. Barclays started covering the stock on April 01, 2024. It rated CROX as “an Overweight”.

Price Performance Review of CROX

On Friday, Crocs Inc [NASDAQ:CROX] saw its stock jump 0.81% to $128.77. Over the last five days, the stock has lost -0.81%. Crocs Inc shares have risen nearly 37.85% since the year began. Nevertheless, the stocks have risen 43.86% over the past one year. While a 52-week high of $165.32 was reached on 06/20/24, a 52-week low of $74.00 was recorded on 01/05/24. SMA at 50 days reached $134.68, while 200 days put it at $126.60.

Levels Of Support And Resistance For CROX Stock

The 24-hour chart illustrates a support level at 127.86, which if violated will result in even more drops to 126.96. On the upside, there is a resistance level at 130.38. A further resistance level may holdings at 131.99. The Relative Strength Index (RSI) on the 14-day chart is 41.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -7.35, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.91%. Stochastics %K at 20.78% 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 2024-08-30, dropping by -0.82 million shares to a total of 4.45 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 5.27 million shares. There was a decline of -18.35%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on February 07, 2024 when KeyBanc Capital Markets began covering the stock and recommended ‘”an Overweight”‘ rating along with a $130 price target.

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