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Movado Group, Inc. (NYSE: MOV) announced its second-quarter results for the period ending July 31, 2024. Despite an improvement in sales trends, the results fell below market expectations. Consequently, Movado's stock plummeted by 7.0% in pre-market trading. The disappointing performance highlights the challenges faced by consumer discretionary stocks in a slowing economy. Movado was also listed as Jaguar Top Short in the 3Q24 Outlook issued in June.
MOV: Why Movado Group Stock Plummeted Today $MOV #stocks #investing #valueinvesting # https://t.co/Ec4Jz0TEXh
Movado $MOV -- The watchmaker. What a crash! Now you know what happens to consumer discretionary stocks in a slowing economy and why it was made Jaguar Top Short in 3Q24 Outlook issued in June, see research note here: https://t.co/oF5C8V6xf1 https://t.co/8UhnNB0TWl
$MOV (-7.0% pre) Movado Group, Inc. Announces Second Quarter Results - StockTitan https://t.co/WdUOAFvDDa
