LUXOTTICA GROUP SPA-SPON ADR (NYSE:LUX), Down By 11.30% ($3.89) From $34.430 After BUYINS.NET Report Predicted Weakness After E
May 24, 2011 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net , a provider of unique trading technologies, released a report on Wednesday, April 27th 2011 stating that LUXOTTICA GROUP SPA-SPON ADR (NYSE:LUX) was expected to be Down After its earnings release. Click here to view the BUYINS.NET report: http://www.buyins.net/releases/?sym=lux&id=163123
At the time this story was written, LUXOTTICA GROUP SPA-SPON ADR (NYSE:LUX) is Down By 11.30% ($3.89) From $34.430 since the BUYINS.NET report was released.
The movement of stock prices in the days and weeks leading to and following earnings announcements may follow a predictable pattern. Most companies stock price histories show random or unpredictable movements around earnings dates. But some seem to repeat the same pattern quarter after quarter, year after year. The specific technology used to make these predictions is available for a low monthly fee at http://www.squeezetrigger.com/services/strat/mh.php
LUXOTTICA GROUP SPA-SPON ADR (NYSE:LUX) - Luxottica Group S.p.A. and its subsidiaries design, manufacture, and distribute luxury, fashion, and sport/performance eyewear worldwide. It operates in two segments: Manufacturing and Wholesale Distribution, and Retail Distribution. The Manufacturing and Wholesale Distribution segment engages in the design, manufacture, wholesale distribution, and marketing of house and designer lines prescription frames and sunglasses. It offers performance optics products, including sun and prescription eyewear, ski goggles, and electronically-enabled eyewear, as well as apparel, footwear, watches, and accessories. This segment offers its products under various brands, including house brands, such as Ray-Ban, Oakley, Arnette, Eye Safety Systems, K&L, Luxottica, Mosley Tribes, Oliver Peoples, Persol, Revo, Sferoflex, and Vogue; and licensed designer brands comprising Anne Klein, Brooks Brothers, Bvlgari, Burberry, Chanel, Dolce & Gabbana, D&G, Donna Karan, DKNY, Fox, Miu Miu, Paul Smith, Polo Ralph Lauren, Chaps, Club Monaco, POLO, RALPH, Ralph Lauren Purple Label, PRADA, Salvatore Ferragamo, Stella McCartney, Tiffany & Co., Tory Burch, Versace, and Versus. It serves retailers of mid to premium-priced eyewear, such as independent opticians, optical retail chains, specialty sun retailers, and duty-free shops, as well as independent optometrists and ophthalmologists, and department stores. The Retail Distribution segment operates optical and sun glass stores under the LensCrafters, Sunglass Hut, Pearle Vision, ILORI, The Optical Shop of Aspen, OPSM, Laubman & Pank, Budget Eyewear, Bright Eyes, Oakley O Stores and Vaults, and David Clulow names, as well as licensed brands, such as the Sears Optical and Target Optical. As of March 31, 2010, this segment operated 5,809 corporate stores and 536 franchised or licensed locations. The company has a strategic alliance with Drugstore.com Inc. Luxottica Group was founded in 1961 and is headquartered in Milan, Italy.
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