The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Signet Jewelers Ltd shares valued at $406,557 were sold by Ciccolini Vincent on Apr 26 ’24. At $101.64 per share, Ciccolini Vincent sold 4,000 shares. The insider’s holdings dropped to 46,076 shares worth approximately $4.42 million following the completion of this transaction.
Also, Stitzer H. Todd sold 10,000 shares, netting a total of over 1,000,883 in proceeds. Following the sale of shares at $100.09 each, the insider now holds 41,678 shares.
Before that, Stitzer H. Todd had sold 5,000 shares from its account. In a trade valued at $500,362, the Director traded Signet Jewelers Ltd shares for $100.07 each. Upon closing the transaction, the insider’s holdings decreased to 5,000 shares, worth approximately $4.96 million.
As published in a research note from Telsey Advisory Group on April 04, 2024, Signet Jewelers Ltd [SIG] has been retained to a Market perform and the price target has been revised to $110. Analysts at Telsey Advisory Group resumed the stock at ‘”a Market perform”‘ outlook in a report released in late March. As of March 15, 2024, Telsey Advisory Group has reiterated its “Market perform” rating for SIG. Earlier on December 06, 2023, Citigroup upgraded its rating. Their new recommendation was “a Buy” for SIG stock which previously was a “a Neutral”.
Analyzing SIG Stock Performance
During the last five days, there has been a drop of approximately -2.68%. Over the course of the year, Signet Jewelers Ltd shares have dropped approximately -10.54%. Shares of the company reached a 52-week high of $109.17 on 04/04/24 and a 52-week low of $86.31 on 03/20/24. A 50-day SMA is recorded $99.23, while a 200-day SMA reached $87.62. Nevertheless, trading volume fell to 0.56 million shares from 0.38 million shares the previous day.
Support And Resistance Levels for Signet Jewelers Ltd (SIG)
According to the 24-hour chart, there is a support level at 94.04, which, if violated, would cause prices to drop to 92.12. In the upper region, resistance lies at 98.12. The next price resistance is at 100.28. RSI (Relative Strength Index) is 44.89 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.79, which suggests the price will decrease in the coming days. Percent R is at 70.69%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
