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home / news releases / MOV - Why Movado Stock Was Slammed on Tuesday

MOV - Why Movado Stock Was Slammed on Tuesday

Movado Group Inc.

Shares of fine-watch retailer Movado Group (NYSE: MOV) took a hit on Tuesday. The stock slid as much as 24.6%, but was down 22% as of 12:41 p.m. EST.

The decline followed the release of Movado's fiscal 2020 third-quarter results. Bearishness from investors was likely prompted primarily by the company's worse-than-expected revenue and non-GAAP (adjusted) earnings per share during the period.

Image source: Getty Images.

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Stock Information
Company Name: Movado Group Inc.
Stock Symbol: MOV
Market: NYSE
Website: movadogroup.com
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