Crocs (CROX) has been under a strong bear grip, hence the stock is down -29.89% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 3.3% in the past 1 week. The stock has risen by 3.36% in the past week indicating that the buyers are active at lower levels, but the stock is down -29.17% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 17.75% and the 50-Day Moving Average is 20.12%. Crocs (NASDAQ:CROX): stock turned positive on Friday. Though the stock opened at $8.35, the bulls momentum made the stock top out at $8.815 level for the day. The stock recorded a low of $8.35 and closed the trading day at $8.62, in the green by 1.89%. The total traded volume for the day was 1,205,478. The stock had closed at $8.46 in the previous days trading.
The company Insiders own 1% of Crocs shares according to the proxy statements. Institutional Investors own 99.9% of Crocs shares. During last six month period, the net percent change held by insiders has seen a change of 1.91%. Also, Susquehanna initiates coverage on Crocs (NASDAQ:CROX). The current rating of the shares is Neutral, according to the research report released by the firm. The brokerage firm announces the price target at $9.5 per share. The rating by the firm was issued on August 12, 2016.
Crocs, Inc. is engaged in the design, development, manufacturing, worldwide marketing and distribution of casual lifestyle footwear, apparel and accessories for men, women and children. The Companys products include footwear and accessories. The Company operates four reportable operating segments based on the geographic nature of its operations: Americas, Asia Pacific, Japan and Europe. The Americas segment consists of product sales in the North and South America geographic regions. The Asia Pacific segment consists of product sales throughout Asia (excluding Japan), Australia, New Zealand, the Middle East and South Africa. The Japan segment consists of product sales in Japan. The Europe segment consists of product sales throughout Europe and Russia. The Company sells its products in more than 90 countries through domestic and international retailers and distributors and directly to end-user consumers through company-operated retail stores, outlets, Webstores and kiosks.