Movado Group Inc. (MOV) Moves Lower on Volume Spike for February 15

Equities Staff  |

Movado Group Inc. (MOV) traded on unusually high volume on Feb. 15, as the stock lost 5.88% to close at $24.80. On the day, Movado Group Inc. saw 340,166 shares trade hands on 3,196 trades. Considering that the stock averages only a daily volume of 126,009 shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $31.95 and $19.14 over the last 52-weeks, its 50-day SMA is now $28.02, and its 200-day SMA $24.05. Movado Group Inc. has a P/B ratio of 1.21. It also has a P/E ratio of 16.2.

Movado Group Inc designs, sources, markets and distributes fine watches. Its brands include Coach Watches, Concord, Ebel, ESQ Movado, Scuderia Ferrari Watches, HUGO BOSS Watches, Juicy Couture Watches, Lacoste Watches, Movado, and Tommy Hilfiger Watches.

Headquartered in Paramus, NJ, Movado Group Inc. has 1,100 employees and is currently under the leadership of CEO Efraim Grinberg.

For a complete fundamental analysis analysis of Movado Group Inc., check out’s Stock Valuation Analysis report for MOV.

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To get more information on Movado Group Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: MOV’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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