Still 40 minutes until the opening bell, but Crocs is not done climbing new terrain.
Yesterday, the Co blew out earnings expectations — 58¢ vs. 44¢ — and ran $8 higher to $58 by the end of after-hours trading. This morning, CROX has already hit $60 in pre-market trading before pulling back. The latest trade was at $59.49.
With short interest at 32%, the stock could be in for a very interesting day regardless of whether the rest of the market rebounds from yesterday's massive selloff.
Pupule Paul is a bit long CROX.
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