Traders of the Caribbean

[Traderzz]

Movado Group Inc. (MOV:US) sank 15 percent to $9.20 and declined 20 percent earlier, the most intraday since December 2008. The Paramus, New Jersey-based watchmaker reported profit excluding some items of 13 cents a share in the third quarter, below analysts’ average estimates of 62 cents, according to Bloomberg data.