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Stock impact report

Why Movado (MOV) Shares Are Sliding Today [Yahoo! Finance]

Movado Group Inc. (MOV) 
Last movado group inc. earnings: 3/26 06:45 am Check Earnings Report
US:NYSE Investor Relations: movadogroup.com/investor/index.cfm
Company Research Source: Yahoo! Finance
Full-year revenue guidance was lowered and missed. In addition, EPS missed, but Movado exceeded analysts' revenue expectations. The company cited a "challenging consumer spending environment compounded by increased expenses to support future growth." Overall, this was a weaker quarter, but expectations were also seemingly low going into the print. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Movado? Access our full analysis report here, it's free What is the market telling us: Movado's shares are not very volatile than the market average and over the last year have had only 3 moves greater than 5%. Moves this big are very rare for Movado and that is indicating to us that this news had a significant impact on the market's perception of the business. Movado is down 35.3% since the beginning of the year, and at $19.62 per share it is trading 36.6% below its 52-week high of $30.97 from De Show less Read more
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