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Not all the analysts who follow CROX acted today -- only DA Davidson and Wedbush -- came out to downgrade the stock.
Apr 15 20:44 pm
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All Comments by Dan Jacome »Tuesday's Options Report: BEAV, NOC, INTC, XLV, CROX, CWTR, MTW, SOV [View article]
Implying - if academic studies are right, and sell siders are slow to digest negative earnings announcements/guidance shocks -- then there should be some more negative comments/price target readjustments on the way....
Bottom line: we think CROX goes even lower from here with arguably some vacuous, mild bounces here and there.