Why Crocs Stock Dropped Like a Rock Today

Crocs made a big acquisition nearly three years ago, and it's still not paying off as investors had hoped. Shares of shoe company Crocs (CROX -18.39%) dropped on Tuesday after the company reported financial results for the third quarter of 2024. While most of the numbers looked good, investors don't like the ongoing weakness with its HeyDude brand. And that's a big reason why Crocs stock was down 17% as of 11 a.m. ET and down nearly 30% from its 52-week high. Strong financial results come with a big pocket ...