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Why Fossil Group Inc. Stock Lost 10% Last Month

TheMotleyFool

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Why Fossil Group Inc. Stock Lost 10% Last Month

Shares of Fossil Group Inc. (NASDAQ: FOSL) took a spill last month, after the luxury brand posted an awful third-quarter earnings report, though it later recovered some of those losses on promising earnings reports from retailers. According to data from S&P Global Market Intelligence, the stock finished November down 10%.

The stock was down nearly 30% for the month after the earnings report on Nov. 7. However, the stock managed to claw back most of those losses as the broader retail sector boomed.