Efraim Grinberg Buys Shares of MOV $MOV
Key Points
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Efraim Grinberg, Chairman - CEO at Movado Group, Inc. ($MOV), bought 50,000 shares at an average price of $16.87, for a total transaction of $843,500. The trade was disclosed in a Form 4 filing with the Securities and Exchange Commission.
Movado Group, Inc. Stock Up 10.3%
Shares of Movado Group, Inc. ($MOV) traded around $38.04 on Thursday, up 10.3% for the day.
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About Movado Group, Inc.
Movado Group, Inc. designs, sources, markets, and distributes watches worldwide. It operates in two segments, Watch and Accessory Brands, and Company Stores. The company offers its watches under the Movado, Concord, Ebel, Olivia Burton, and MVMT brands, as well as licensed brands comprising Coach, Tommy Hilfiger, HUGO BOSS, Lacoste, Calvin Klein, and KATE SPADE NEW YORK. It also designs, sources, markets, and distributes jewelry and other accessories; and provides after-sales and shipping services. The company's customers include jewelry store chains, department stores, independent regional jewelers, network of independent distributors, online marketplaces, licensors' retail stores, and third-party e-commerce retailers. It sells directly to consumers through its e-commerce platforms. The company was formerly known as North American Watch Corporation and changed its name to Movado Group, Inc. in 1996. Movado Group, Inc. was founded in 1881 and is headquartered in Paramus, New Jersey.
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