Signet Jewelers Ltd’s recently made public that its Director Stitzer H. Todd unloaded Company’s shares for reported $0.5 million on Apr 10 ’24. In the deal valued at $100.07 per share,5,000 shares were sold. As a result of this transaction, Stitzer H. Todd now holds 51,678 shares worth roughly $4.93 million.
Then, Stitzer H. Todd sold 5,000 shares, generating $512,057 in total proceeds. Upon selling the shares at $102.41, the Director now owns 56,678 shares.
Before that, Drosos Virginia sold 45,000 shares. Signet Jewelers Ltd shares valued at $4,488,580 were divested by the Chief Executive Officer at a price of $99.75 per share. As a result of the transaction, Drosos Virginia now holds 778,820 shares, worth roughly $74.35 million.
Telsey Advisory Group reiterated its Signet Jewelers Ltd [SIG] rating to a Market perform in a research note published on April 04, 2024; the price target was $110. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in late March has reiterated a ‘”a Market perform”‘ rating for it. Telsey Advisory Group also remained covering SIG and reiterated its “Market perform” recommendation on March 15, 2024. Citigroup revised its rating on December 06, 2023. It rated SIG as “a Buy” which previously was an “a Neutral”.
Price Performance Review of SIG
On Friday, Signet Jewelers Ltd [NYSE:SIG] saw its stock jump 1.59% to $95.47. Over the last five days, the stock has lost -0.31%. Signet Jewelers Ltd shares have fallen nearly -10.99% since the year began. Nevertheless, the stocks have risen 20.91% over the past one year. While a 52-week high of $109.17 was reached on 04/04/24, a 52-week low of $57.10 was recorded on 03/20/24. SMA at 50 days reached $100.01, while 200 days put it at $86.46. A total of 0.65 million shares were traded, compared to the trading of 0.51 million shares in the previous session.
Levels Of Support And Resistance For SIG Stock
The 24-hour chart illustrates a support level at 94.00, which if violated will result in even more drops to 92.53. On the upside, there is a resistance level at 96.31. A further resistance level may holdings at 97.15. The Relative Strength Index (RSI) on the 14-day chart is 44.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.78, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.08%. Stochastics %K at 12.87% indicates the stock is a buying.
The most recent change occurred on December 06, 2023 when Telsey Advisory Group resumed its ‘”a Market perform”‘ rating for the stock and retained the price target to $90.
