Movado Moves to NYSE

The Movado Group Inc., a leading maker and supplier of fine timepieces, began trading its common stock on the New York Stock Exchange on May 21 under the symbol "MOV." The stock had been listed on the NASDAQ since its initial public offering in 1993. The move to the NYSE is "a major milestone for us," said Efrain Grinberg, recently appointed Movado president and chief executive. "As our business becomes ever more global, the listing will enable us to achieve better visibility around the world and further enhance shareholder value." The stock at press time was listed at $15.55. Richard Grasso, NYSE chairman and CEO, welcomed Movado, which he said was "world renowned for its elegant timepieces [and] dedicated to innovative design and continued product development."

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