Stocks dip below 14$
Fossil mismanagement to blame? What's next?
7 replies (most recent on top)
In related news, Chairman Kosta N. Kartsotis sold 1,075,000 shares of the company’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $11.29, for a total transaction of $12,136,750.00. Following the completion of the sale, the chairman now directly owns 4,183,047 shares of the company’s stock, valued at approximately $47,226,600.63. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 13.80% of the stock is currently owned by corporate insiders.
$10 is what's next... But hey, according to Mr. Truth the stock has nothing to do with what is going on with the company because the company is doing "great".. Ha!
Fossil is falling apart: Shares of watchmaker Fossil (FOSL) will be down more than 22% on Wednesday (5-10) morning following a horrifying first quarter. As this feature from TheStreet shows, the company is in a really bad place. The company's results hint at some bad numbers from Macy's (M) , Kohl's (KSS) and J.C. Penney (JCP) later this week.
Full disclosure: haven't worn a Fossil watch in 17 years.
Goldberg Law PC Announces an Investigation of Fossil Group, Inc.
Insider trading and misleading investors regarding certain statements the Company made about its business outlook, financial health, and growth prospects.
Go NWF!
Shareholder Rights Law Firm Johnson & Weaver, LLP (J&W) is investigating potential violations of the federal securities laws by Fossil Group, Inc. (FOSL) and certain of its officers.
Johnson & Weaver has opened an investigation to determine whether investors were misled regarding certain statements the Company made about its business outlook, financial health, and growth prospects.
Start looking for other employment before the next round.
More layoffs to come this year