New York, USA
On 6th August 2018, Pandora shares plunged after the world’s biggest jewellery maker cut its profit and sales forecasts amid struggles in key markets such as the U.S. and China. Two weeks prior to the earning release, Woozle’s survey research uncovered evidence of brand deterioration and decelerating sales trends that were broadly missing margin and revenue targets. Clients were able to verify our results and initiate or scale their short positions with enough time to capitalise on a 20% drop in the share price following the official announcement.
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