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Movado Group (MOV) Falls: Stock Tumbles 7.7%
August 27, 2014

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Movado Group, Inc. (MOV - Free Report) saw a big move last session, as the company’s shares fell nearly 8% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading below the volatile price range of $41.39 to $44.04 in the past one-month time frame.

The designer, manufacturer and distributor of watches has seen a mixed track record when it comes to current year estimate revisions over the past few weeks with no change, while the consensus for earnings moved lower in the same period. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.

MOV currently has a Zacks Rank #3 (Hold).

Some better-ranked stocks in the same sector include Signet Jewelers Limited (SIG - Free Report) , BJ's Restaurants, Inc. (BJRI - Free Report) and Burlington Stores, Inc. (BURL - Free Report) . All these stocks carry a Zacks Rank #1 (Strong Buy).

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