Crocs (CROX) NewsBite - CROX Falls on Q4 Forecast

Posted: Friday, November 06, 2009 11:34 AM EDT

Crocs (NasdaqNM: CROX) opened at $6.02. So far today, the stock has hit a low of $5.59 and a high of $6.34. CROX is now trading at $5.78, down $1.06 (-15.5%). Over the last 52 weeks the stock has ranged from a low of $.79 to a high of $8.20. CROX forecast a fourth-quarter loss last night of 15 to 20 cents per share on revenue of $110 to $115 million. Analysts are expecting a loss of 16 cents per share on revenue of $113 million. Technical indicators for the stock are bearish 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 March out-of-the-money bear-call credit spread above the 7 range. [ABR-Seven Summits Strategic Investments NewsBite]

Click Symbol For More News On: (CROX)