Large Outflow of Money Witnessed in Signet Jewelers Limited

Signet Jewelers Limited (SIG) : Money flow in the Signet Jewelers Limited (SIG) stock was negative (1.3 million) on Friday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $0.29 million, compared to $1.59 million on downticks. The total uptick to downtick ratio was 0.18, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($1.27 million), indicating selling on the strength. Downtick transaction value in block trades amounted to $1.27 million, indicating persistent selling. Signet Jewelers Limited (SIG) traded $0.67 higher at $81.3 gaining 0.83% over the previous days close.


The company Insiders own 0.36% of Signet Jewelers Limited shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 7.08% . Institutional Investors own 95.28% of Signet Jewelers Limited shares. During last six month period, the net percent change held by insiders has seen a change of 7.87%.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Signet Jewelers Ltd, Plaskett Thomas G, had purchased 300 shares in a transaction dated on July 22, 2016. The transaction was executed at $88.88 per share with total amount equaling $26,664.

Signet Jewelers Limited (NYSE:SIG): The stock opened at $81.39 and touched an intraday high of $83.34 on Friday. During the day, the stock corrected to an intraday low of $80.85, however, the bulls stepped in and pushed the price higher to close in the green at $82 with a gain of 1.70% for the day. The total traded volume for the day was 1,134,329. The stock had closed at $80.63 in the previous trading session.

Signet Jewelers Limited (SIG) has been under a strong bear grip, hence the stock is down -5.62% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.16% in the past 1 week. The stock has risen by 1.67% in the past week indicating that the buyers are active at lower levels, but the stock is down -5.75% in the past 4 weeks.

Signet Jewelers Limited is a retailer of jewelry, watches and associated services in the United States, Canada and the United Kingdom. The Company manages its business through four segments: the Sterling Jewelers division, the UK Jewelry division, the Zale division, which consists of Zale Jewelry and Piercing Pagoda, and the Other segment. The Other segment includes subsidiaries involved in purchasing and conversion of rough diamonds to polished stones and unallocated corporate administrative functions. The Company operates retail jewelry stores in real estate formats, including mall-based, free-standing, strip center and outlet store locations. The Company operated approximately 3,579 stores and kiosks across 4.8 million square feet of retail space.

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