Signet Jewelers Limited (SIG) Shares are Up 2.01%

Signet Jewelers Limited (SIG) : Traders are bullish on Signet Jewelers Limited (SIG) as it has outperformed the S&P 500 by a wide margin of 3.53% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.04%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.01% in the last 1 week, and is up 3.93% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Signet Jewelers Limited has dropped 12.95% during the last 3-month period . Year-to-Date the stock performance stands at -24.24%. The stock has recorded a 20-day Moving Average of 5.11% and the 50-Day Moving Average is 7.39%.


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 $92.64 and $92.23 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $95.34. The buying momentum continued till the end and the stock did not give up its gains. It closed at $93.05, notching a gain of 0.12% for the day. The total traded volume was 1,046,281 . The stock had closed at $92.94 on the previous day.

Also, In a research note released to the investors, Nomura maintains its rating on Signet Jewelers Limited (NYSE:SIG).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, Nomura lowers the new price target from $169 per share to $148 per share. The rating by the firm was issued on May 31, 2016.

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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