Shares of Fossil Group Inc (NASDAQ:FOSL) ended Wednesday session in red amid volatile trading. The shares closed down -0.45 points or -1.57% at $28.30 with 796,938.00 shares getting traded. Post opening the session at $28.93, the shares hit an intraday low of $28.04 and an intraday high of $29.01 and the price vacillated in this range throughout the day. The company has a market cap of $1.36 billion and the numbers of outstanding shares have been calculated to be 48.13 million shares.
On Sept. 1, 2016 Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated (QCOM), and Fossil Group (FOSL) announced that the Qualcomm® Snapdragon™ Wear 2100 processor is powering the Fossil Q Marshal and Fossil Q Wander smartwatches. With announcement, Fossil becomes the first Fossil Group brand to ship smartwatches based on Qualcomm Technologies’ next generation Snapdragon Wear 2100 processor.
Fossil Q Marshal and Fossil Q Wander smartwatches deliver a truly unique and differentiated experience for the customer, taking full advantage of the Snapdragon Wear 2100 with a crisp “always awake” touch screen, extended battery life, always-on sensing, and seamless connectivity, all wrapped in a streamlined, fashion-forward design that customers desire.
“We’re investing in long-term wearables innovation due to increasing demand for smartwatches that fuse the latest in technology and connectivity into an attractive, expertly-designed wristwatch. announcement is part of a broader plan to introduce more than 100 wearables this year,” said Greg McKelvey, chief strategy and chief digital officer, Fossil Group. “We envision a day when every watch we make will have some type of connectivity in it. By combining Fossil Group’s expertise in making beautiful, quality watches and Qualcomm Technologies’ highly integrated Snapdragon Wear processors, we are bringing the best of fashion and technology to our customers.”
Shares of Coach Inc (NYSE:COH) ended Wednesday session in green amid volatile trading. The shares closed up +0.25 points or 0.70% at $35.90 with 2.63 million shares getting traded. Post opening the session at $35.72, the shares hit an intraday low of $35.53 and an intraday high of $35.97 and the price vacillated in this range throughout the day. The company has a market cap of $10.04 billion and the numbers of outstanding shares have been calculated to be 278.94 million shares.
Coach Inc (COH) provides luxury accessories and lifestyle brands. It offers handbags, money pieces, wristlets and cosmetic cases, key rings, and charms for women; and business cases, computer bags, messenger-style bags, backpacks, totes, wallets, card cases, belts, time management, electronic accessories, and ready-to-wear for men. The company also provides footwear; seasonal lifestyle apparel collections, including outerwear and ready-to-wear, and cold weather accessories, such as gloves, scarves, and hats; jewelry consisting of bracelets, necklaces, rings, and earrings made with sterling silver, leather, and non-precious metals; sunglasses; watches; and fragrances comprising eau de perfume sprays, eau de toilette sprays, purse sprays, and body lotions.