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Swatch Group (OTCMKTS:SWGAY) Shares Gap Down - Should You Sell?

Swatch Group logo with Consumer Staples background

Key Points

  • Swatch Group shares experienced a significant drop, gapping down from a previous close of $9.95 to open at $9.42 and last trading at $9.38.
  • The company recently cut its dividend, distributing $0.1185 per share, yielding 1.34%.
  • Swatch Group operates primarily in the watches and jewelry segments, designing and selling watches, jewelry, and their components globally.
  • MarketBeat previews top five stocks to own in September.

Swatch Group AG (OTCMKTS:SWGAY - Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $9.95, but opened at $9.42. Swatch Group shares last traded at $9.38, with a volume of 11,452 shares trading hands.

Swatch Group Stock Performance

The stock's 50-day moving average price is $8.49 and its two-hundred day moving average price is $8.73.

Swatch Group Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, June 11th. Stockholders of record on Monday, May 26th were paid a $0.1185 dividend. The ex-dividend date was Friday, May 23rd. This represents a dividend yield of 134.0%.

About Swatch Group

(Get Free Report)

The Swatch Group AG designs, manufactures, and sells finished watches, jewelry, and watch movements and components worldwide. The company operates through Watches & Jewelry and Electronic Systems segments. The Watches & Jewelry segment designs, produces, and commercializes watches and jewelry.

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