On August 9, we said, “Director John Replogle bought 1,996 shares of the Crocs (SYM: CROX) stock for an average price of $123.95. This also marked the first insider buy on CROX since March 14. Better, the CROX stock is starting to pivot higher after beating earnings.”
At the time, CROX traded at about $130. Today, it’s up to $135.78 and could retest $150 if it can break above double-top resistance.
Helping, earnings have been strong.
In its second quarter, the company’s EPS of $4.01 beat by 44 cents. Revenue of $1.12 billion, up 4.7% year over year beat by $20 million. For the full-year, the company expects to see revenue growth of 3% to 5% year over year.
