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. spiked to the upside at the open Monday, but settled into a range for the majority of the session. The stock finished higher by 1.94 at $47.95 on above average volume. Fossil broke out of a 3-week range and set a new high for the year.
For comments and feedback: editorial@rttnews.com