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Crocs, Inc. (NASDAQ: CROX) shares closed up 21.08 percent on Monday with over 16.8 million shares traded. The stock was one of the biggest gainers on the NASDAQ. The company announced that it is getting a $200 million bailout from a private equity fund Blackstone and that its CEO is retiring. CEO John McCarvel is retiring and giving up his board seat around the end of April.
Twitter, Inc. (NYSE: TWTR) shares closed down 5.08 percent on Monday with over 55 million shares traded. The stock has been retracing the last two trading days since reaching an all-time high of $74.73 last week. The stock fell 13 percent last Friday, closing the day at $63.75. The big drop came after the company was downgraded to underperform from neutral by Macquarie Securities, with an analyst arguing that the shares were overvalued.
Cannabis Science, Inc. (OTC: CBIS) shares closed up 25.08 percent on Monday with about 17 million shares traded. The stock was one of the biggest gainers in the OTC market. The company had no significant news to explain the unusual breakout. Cannabis Science, Inc., a development stage company, engages in the development, production, and commercialization of phytocannabinoid-based pharmaceutical products.
Groupon, Inc. (NASDAQ: GRPN) shares closed down 3.25 percent on Monday with nearly 16 million shares traded. The stock was one of the most active stocks on the NASDAQ. There was no significant news to explain why GRPN shares fell but the fall may have been caused by Twitter’s shares falling. Many investors seem to lump Groupon in with other social media stocks, such as Twitter.
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