Why Crocs Stock Dove 16% This Week

Crocs (NASDAQ: CROX) shareholders lost ground to the market this week as their stock fell 16% through trading on Thursday compared to a 0.9% decline in the S&P 500.

The drop added to significant paper losses since late 2021, when the shoemaker briefly touched $180 per share (it is trading at about half that price today). This week's slump was powered by fourth-quarter earnings results that failed to meet Wall Street's high expectations.

Image source: Getty Images.

Source Fool.com