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Crocs Inc [CROX] Investment Appeal on the Rise

Crocs Inc’s recently made public that 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 $11.77 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 $1.02 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 Monday, Crocs Inc [NASDAQ:CROX] saw its stock jump 0.35% to $144.81. Over the last five days, the stock has gained 0.74%. Crocs Inc shares have risen nearly 55.03% since the year began. Nevertheless, the stocks have risen 68.64% 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 $135.38, while 200 days put it at $128.67.

Levels Of Support And Resistance For CROX Stock

The 24-hour chart illustrates a support level at 142.68, which if violated will result in even more drops to 140.55. On the upside, there is a resistance level at 146.10. A further resistance level may holdings at 147.40. The Relative Strength Index (RSI) on the 14-day chart is 58.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.69, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 22.63%. Stochastics %K at 79.87% 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 2024-09-13, growing by 62589.0 shares to a total of 4.78 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 4.71 million shares. There was a rise of 1.31%, which implies that there is a positive 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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