Price/Volume Tank Alert: CROCS (CROX)

Posted in General 
November 13th, 2008

CROCS (CROX) fell by 35% after the close yesterday to a new 52-week low of $1.30+  after the ugly shoes maker posted a loss, was light on revenues, issued forecasts for more losses, lowered revenue targets, and gave a restructuring.  Yep, things are awful here.

Shares are down 45% at $1.03 today.  This is a new 52-week low and is now in danger of going under the $1.00 market.  At 9:36 AM EST this one has already seen 1.4 million shares trade hands and its average volume is now only about 3.3 million shares.  Expect the average volume to be surpassed in just a short time this morning.

JON OGG
NOV. 13, 2008

Comments are closed

-->