Why Crocs Shares Plunged 31% Last Month

Shares of Crocs (NASDAQ: CROX) were tumbling last month after the casual-footwear maker warned that the coronavirus would impact its performance in 2020 when it reported fourth-quarter earnings. As a result, the stock finished February down 31% according to data from S&P Global Market Intelligence. 

As you can see from the chart below, the stock plunged during the last week of the month as the company reported earnings and got caught up on the broader coronavirus sell-off.

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Source Fool.com