Signet Jewelers Limited (SIG) has risen sharply, recording gains of 9.16% in the past 4 weeks. However, the stock has corrected -0.9% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 2.25% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Signet Jewelers Limited (NYSE:SIG): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $87.82 and $87.36 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $89.73. The buying momentum continued till the end and the stock did not give up its gains. It closed at $89.53, notching a gain of 2.37% for the day. The total traded volume was 1,572,215 . The stock had closed at $87.46 on the previous day.
The stock has recorded a 20-day Moving Average of 4.44% and the 50-Day Moving Average is 2.12%. Signet Jewelers Limited has dropped 19.81% during the last 3-month period . Year-to-Date the stock performance stands at -27.31%.
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.