I suspect a lot of speculative money (probably from hedge funds) have been fishing around. They jumped from one sector to another. First went to SKX, left after earnings and a nice handsome profit then move to CROX for earnings play. Now leaving CROX after distribution. SEe how CROX was holding up in the past week despite the market selloff.
Maybe it is good news to SKX holders since the money flow may be back to SKX. I noticed the volume of SKX is much higher at this hour.