Crocs stock got a lift after announcing over the weekend that its CEO John McCarvel would retire and that Blackstone would take a $200 million stake in the company. Investors seemed to ignore that the company also gave guidance at the low end of its previously announced range.

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

If you liked this article you might like

Introducing My 2018 Double Net Value Portfolio

Introducing My 2018 Double Net Value Portfolio

Time to Close the Books on My 2017 Double Net Value Portfolio

Time to Close the Books on My 2017 Double Net Value Portfolio

This Value Portfolio Is Producing Valuable Returns, Thank You

This Value Portfolio Is Producing Valuable Returns, Thank You

How My Outperforming Value Portfolio Is Bucking the Trend

How My Outperforming Value Portfolio Is Bucking the Trend

Crocs Could Be on the Brink of Extinction

Crocs Could Be on the Brink of Extinction