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Why Fossil Group Stock Soared 24% Today

TheMotleyFool

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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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