Fossil Group Inc FOSL shares are trading lower by $3.76 at $19.11 in Tuesday's session. The catalyst for the huge decline is Q4 EPS miss $0.14 along with a revenue miss of $18 million. Adding to its woes, its much lower Q1 and FY 2017 guidance.
After a much lower open, it continued in that direction before finally bottoming and staging a rebound. That marks the lowest level for the issue since April 2009, when it bottomed at $15.45. At this time, the rebound rally has been capped at $19.19.
Fossil, known to many for a version of its watch worn by Bubba Watson when he won the 2012 Masters, has been a serial underperformer in the this long-standing bull market. Interestingly, the issue made its all-time-high ($139.20) after Watson scored his Masters victory.
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