Crocs Falls 6.3% On News Of CFO Resignation (CROX)

Shares of Crocs, Inc. CROX are trading down 6.3% at $17.50 per share during the Thursday afternoon trading session. The company announced on Wednesday after the market closed that chief financial officer Russell Hammer was departing the company. President and chief executive officer John McCarvel said, “I want to thank Russ for his many contributions and wish him well in his new role and location closer to his family. Looking forward, we are excited about both our near- and long-term growth prospects and I am very confident that the financial team we have in place is up to the task of managing the CFO responsibilities until a successor is found.” The day's trading range for shares of Crocs, Inc has been between $17.35 and $18.35 per share. Analysts covering Crocs, Inc. (CROX) stock give it a consensus price target of $20.80 per share. Trading volume for Crocs, Inc has been heavier than usual, with 4 million shares having been traded today, well above the daily average volume of 2.9 million shares. Crocs, Inc designs, manufactures and markets casual footwear for men, women and children, using a proprietary technology that produces soft, non-marking, and odor-resistant shoes. Read more from Benzinga's Company news.