I was wondering the same thing. I looked but didn't see any bad news other than an analyst revising earnings estimates a bit but that was last week, before the big run-up. Maybe FOSL has a large market in Argentina???
The run-up of late was so large, let's just hope the stock is taking a breather. Looks like there was a purchase (or sale) of 25K shares at around 2:15 which brought us down sharply. MM's???
We've had a great runup of late and this sell off doesn't surprise me in the least. Looks like simple profit taking to me. That and the whole market was down also. FOSL has a small float and a high beta and it's had big drops like this before. This can be a volitile stock.