Fossil (FOSL) volatility increases as shares trader near 8-month low on questions about growth

Fossil (Nasdaq: FOSL) is recently down $47.48 to $78.29 on less than expected topline growth and difficult European comps. Citigroup lowered its price target to $88 from $135. May put option implied volatility is at 71, June is at 578 compared to its 26-week average of 50 according to Track Data, suggesting larger near term price movement.

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