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Why Movado Group, Inc. Stock Rose 12.8% in August

TheMotleyFool

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Why Movado Group, Inc. Stock Rose 12.8% in August

Shares of Movado Group (NYSE: MOV) jumped nearly 13% last month, according to data provided by S&P Global Market Intelligence, as investors cheered the watchmaker's second-quarter results.

Movado had been struggling heading into the second quarter, with its shares down more than 20% on the year by mid-August. The watchmaker quickly erased most of those losses, however, when investors were able to sink their teeth into its Q2 results.

Movado Group's stock price rebounded sharply after its second-quarter earnings report. Image source: Getty Images.

Source: Fool.com