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Signet Jewelers Ltd (SIG) Becoming More Attractive for Investors

In a filing, Signet Jewelers Ltd revealed its Chief Digital Officer Wooters Rebecca unloaded Company’s shares for reported $0.27 million on Jun 24 ’24. In the deal valued at $90.34 per share,3,000 shares were sold. As a result of this transaction, Wooters Rebecca now holds 90,494 shares worth roughly $7.9 million.

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Then, Hilson Joan M sold 8,000 shares, generating $734,503 in total proceeds. Upon selling the shares at $91.81, the insider now owns 189,231 shares.

Before that, Ciccolini Vincent sold 4,000 shares. Signet Jewelers Ltd shares valued at $406,557 were divested by the Chief Accounting Officer at a price of $101.64 per share. As a result of the transaction, Ciccolini Vincent now holds 46,076 shares, worth roughly $4.02 million.

Citigroup reiterated its Signet Jewelers Ltd [SIG] rating to a Buy in a research note published on June 14, 2024; the price target was $119. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in early April has reiterated a ‘”a Market perform”‘ rating for it. Telsey Advisory Group also remained covering SIG and reiterated its “Market perform” recommendation on March 21, 2024. Telsey Advisory Group maintained its rating on March 15, 2024. It rated SIG as “a Market perform”.

Price Performance Review of SIG

On Friday, Signet Jewelers Ltd [NYSE:SIG] saw its stock fall -1.61% to $87.27. Over the last five days, the stock has lost -2.16%. Signet Jewelers Ltd shares have fallen nearly -18.64% since the year began. Nevertheless, the stocks have risen 31.23% over the past one year. While a 52-week high of $112.06 was reached on 06/03/24, a 52-week low of $65.12 was recorded on 06/17/24. SMA at 50 days reached $97.75, while 200 days put it at $92.45. A total of 0.61 million shares were traded, compared to the trading of 0.33 million shares in the previous session.

Levels Of Support And Resistance For SIG Stock

The 24-hour chart illustrates a support level at 86.37, which if violated will result in even more drops to 85.48. On the upside, there is a resistance level at 88.55. A further resistance level may holdings at 89.83. The Relative Strength Index (RSI) on the 14-day chart is 37.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.99%. Stochastics%K at 15.94% indicates the stock is a buying.

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