Crocs Shares Slide After Report Alleges Company Has a 'Trick for Dodging Taxes'
Shares of Crocs are under selling pressure Wednesday afternoon following an investigative report detailing the footwear manufacturer's offshore tax strategy.
A report says Crocs might use a clever strategy to pay less in taxes, which made people want to sell their shares. When people worry a company might break rules or face trouble, they sometimes sell their stock—so watch how regulators respond and if the company explains what happened.
Last session drawn · prints held ~15 minutes · licensed exchange data
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
Disclosure: Educational and informational purposes only — not financial advice. We educate, not advise. Market data may be delayed up to 15 minutes unless marked real-time. Past performance is not indicative of future results.