Why Crocs Stock Has Been Dropping This Week

Some holders of Crocs (NASDAQ: CROX) stock likely feel pretty disappointed with recent returns. Shares of the popular casual footwear maker have tumbled more than 27% in the past month. Most recently, Crocs shares are down about 17% just this week as of early Friday morning, according to data provided by S&P Global Market Intelligence.

But sometimes investing is all about perspective, and Crocs is crushing the market in 2021. Year to date, the stock has soared 113% even after the recent slide. With the lack of company-specific news driving shares lower, it may just be that very success that is the cause of the stock's recent decline. Growth stocks have been under pressure with the prospect of rising interest rates. Crocs has certainly been one of those growth names this year, with revenue expected to grow between 62% and 65% for the full year, based on the company's own outlook.

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Source Fool.com