Swatch Group (OTCMKTS:SWGAY) Shares Gap Down - Here's What Happened

Key Points

• Swatch Group shares gapped down in pre-trading on Monday, opening at $8.26 compared to a previous close of $8.56, signaling potential investor concern.
• The company recently announced a dividend cut, with a yield of 134.0%, which was paid on June 11th to investors of record as of May 26th.
• Swatch Group operates primarily through two segments: Watches & Jewelry and Electronic Systems, focusing on the design and manufacture of finished watches and jewelry.

Swatch Group AG (OTCMKTS:SWGAY - Get Free Report)'s share price gapped down before the market opened on Monday . The stock had previously closed at $8.56, but opened at $8.26. Swatch Group shares last traded at $8.26, with a volume of 10,524 shares trading hands.

Swatch Group Stock Up 3.5%

The firm has a fifty day simple moving average of $8.58 and a 200-day simple moving average of $8.69.

About Swatch Group

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.