Shares of Signet Jewelers Limited (SIG) Sees Large Outflow of Money

Signet Jewelers Limited (SIG) : Net money flow in Signet Jewelers Limited (SIG) was negative ($2.32 million) and the inflow of money on uptick was $15.22 million, whereas, the outflow of money on downticks amounted to $17.54 million on Thursday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.87. The block trades show that the large investors, were aggressive sellers in the stock. On the other hand, the total value of block trades done on downticks was $3.64 million. The money flow in block trades was negative ($3.64). Signet Jewelers Limited (SIG) gained $1.78 cent during the day and reached $90.55, a gain of 2.01% over the previous day.


The stock has recorded a 20-day Moving Average of 9.07% and the 50-Day Moving Average is 2.22%. Shares have dropped -29.35% from its 1 Year high price. On Oct 30, 2015, the shares registered one year high at $152.27 and the one year low was seen on Jun 27, 2016. The 50-Day Moving Average price is $88.47 and the 200 Day Moving Average price is recorded at $106.91.

Signet Jewelers Limited (NYSE:SIG): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $89.66 and $89.24 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $91.59. The buying momentum continued till the end and the stock did not give up its gains. It closed at $91.59, notching a gain of 3.18% for the day. The total traded volume was 2,416,773 . The stock had closed at $88.77 on the previous day.

In an insider trading activity, Werner Uta, officer (Chief Strategy Officer) of Signet Jewelers Ltd had purchased 400 shares on June 21, 2016 in a transaction. The price per share was $84.46 and the total amount of the disclosed transaction was $33,784.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.

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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