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Strength Seen in Crocs (CROX): Stock Adds 17.4% in Session
Crocs, Inc. (CROX - Free Report) was a big mover last session, as the company saw its shares rise over 17% on the day. The move came after the company reported better-than-expected first-quarter 2017 results. This also led to far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $5.94 to $6.49 in the past one-month time frame.
The company has seen one negative estimate revision in the last 30 days and the Zacks Consensus Estimate also moved lower suggesting trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher can last.
Currently, Crocs carries a Zacks Rank #3 (Hold).
Crocs, Inc. Price
Crocs, Inc. Price | Crocs, Inc. Quote
A better-ranked stock in the broader sector is Adecoagro S.A. (AGRO - Free Report) , carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Is CROX going up? Or down? Predict to see what others think: Up or Down
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It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market. Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >>