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