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Why Fossil Group Stock Soared 24% Today

TheMotleyFool

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Why Fossil Group Stock Soared 24% TodayPhoto, wide shot, wide-angle lens, Clothing manufacturer, neutral atmosphere, photo by Galina Stepanova: https://img.theapi.app/temp/4c710447-f68a-47bc-a682-c2d83e801596.png

Shares of fashion retailer Fossil Group (NASDAQ: FOSL) are soaring today. After being up as much as 38%, the stock settled back some, but remained up 24% as of noon EST.

A 20% decrease in constant-currency quarterly sales was better than the retailer expected, and strength in e-commerce and China sales have investors getting back into the beaten-down stock.

Source Fool.com

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