Shares of Crocs CROX have been halted since 4:00 PM ET Monday on “News Pending.”
Crocs issued a release on July 16 stating that the company will have a conference call on July 22, which leads many to believe that the announcement is related to earnings or guidance. This is reasonable, given that Crocs reported second quarter earnings on July 24 last year.
Related: Chipotle Shares Move ~10% On Earnings
Some are speculating that late day trading activity indicates a negative news item was leaked. Shares of Crocs shot down $0.10 in the last seconds of trading, closing at bottom on the one minute candle.
Shares were halted at $14.84, down 0.13 percent on the day.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.