Crocs (CROX) NewsBite - CROX Higher on Earnings
Posted: Friday, August 07, 2009 11:21 AM EDT
By: Market Intelligence Center Staff
Crocs (NasdaqNM: CROX) opened at $5.54. So far today, the stock has hit a low of $5.15 and a high of $5.94. CROX is now trading at $5.92, up $1.65 (38.64%). Over the last 52 weeks the stock has ranged from a low of $.79 to a high of $5.80. Shares of CROX are rising today after the company posted a second-quarter loss of $30.3 million or 36 cents per share. Excluding one-time items, CROX lost 6 cents per share, whereas analysts had forecast a loss of 21 cents per share. Technical indicators for the stock are bullish and S&P does not currently have a STARS rating for CROX. If you are looking for a hedged play on CROX the stock seems like it could be a candidate for a December out-of-the-money bull-put credit spread below the 4 range. [ABR-Seven Summits Strategic Investments NewsBite]
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