Crocs Is Surging On High Volume (CROX)

Shares of retail name Crocs (NASDAQ: CROX) have been moving higher throughout the day. The stock is now 6.03% higher and trading for $10.38. Volume in the name has been very heavy, as 5.16 million shares have traded hands compared to a daily average of 2.82 million.

Crocs (CROX) is an example of a small, niche retailer whose stock is on fire. There are many, many stocks like CROX that have seen jaw dropping gains in the last year. This sector just won't quit. CROX has gained a ridiculous 517% in just the last year. The stock traded as high as $67 in 2007, so it seems conceivable that the share price could continue to levitate.

Crocs, Inc. is a designer, manufacturer, distributor, worldwide marketer and brand manager of footwear for men, women, and children. The Company designs and sells an offering of footwear, apparel, gear and accessories that utilize its closed cell-resin, called Croslite. The Crocs footwear products are divided into four categories: Core, Active, Casual and Style.