Fossil Inc. (FOSL) announced Monday morning that its Board of Directors approved a stock repurchase program, to repurchase up to $750 million of its outstanding shares of common stock.
Fossil Inc. has been rising sharply since the open Tuesday and is now up 2.97 at $48.98. The stock has climbed above a 3-week range and has set a new high for the year.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.