Fossil Group (FOSL) Shares are Up 3.5%

Fossil Group (FOSL) : Traders are bullish on Fossil Group (FOSL) as it has outperformed the S&P 500 by a wide margin of 9.2% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.45%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.5% in the last 1 week, and is up 10.33% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 4.39% and the 50-Day Moving Average is 7.29%. Fossil Group (NASDAQ:FOSL): On Fridays trading session , Opening price of the stock was $31.84 with an intraday high of $32.24. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $31.35. However, the stock managed to close at $31.62, a loss of 1.03% for the day. On the previous day, the stock had closed at $31.95. The total traded volume of the day was 781,444 shares.


The company Insiders own 13.8% of Fossil Group shares according to the proxy statements. Institutional Investors own 96.19% of Fossil Group shares. Also, In a research note released to the investors, Nomura maintains its rating on Fossil Group (NASDAQ:FOSL).The analysts at the brokerage house have a current rating of Neutral on the shares. In a recent information released to the investors, Nomura lowers the new price target from $25 per share to $23 per share. The rating by the firm was issued on August 10, 2016.

Fossil Group, Inc. is a global designer, marketer and distributor company that specializes in consumer fashion accessories. The Companys offerings include a line of mens and womens fashion watches and jewelry, handbags, small leather goods, belts, sunglasses, soft accessories, and select apparel. The Company operates in four different segments: the North America Wholesale segment, the Europe Wholesale segment, Asia Pacific Wholesale segment and the Direct to Consumer segment. Its products are distributed globally through various distribution channels, including wholesale, retail stores and commercial Websites. The Company sells its products through a diversified distribution network that includes department stores, specialty retail locations, specialty watch and jewelry stores, Company-owned retail and factory outlet stores, mass market stores, and through its FOSSIL Website.

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