Signet Jewelers Ltd’s recently made public that its Chief Executive Officer Drosos Virginia unloaded Company’s shares for reported $4.73 million on Sep 27 ’24. In the deal valued at $101.75 per share,46,525 shares were sold. As a result of this transaction, Drosos Virginia now holds 728,820 shares worth roughly $75.17 million.
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Then, Drosos Virginia sold 3,475 shares, generating $353,318 in total proceeds. Upon selling the shares at $101.67, the Chief Executive Officer now owns 775,345 shares.
Before that, Wooters Rebecca sold 22,151 shares. Signet Jewelers Ltd shares valued at $2,192,949 were divested by the Chief Digital Officer at a price of $99.00 per share. As a result of the transaction, Wooters Rebecca now holds 68,343 shares, worth roughly $7.05 million.
Telsey Advisory Group reiterated its Signet Jewelers Ltd [SIG] rating to a Market perform in a research note published on September 09, 2024; the price target was $87. A number of analysts have revised their coverage, including Citigroup’s analysts, who remained covering the stock and in mid June has reiterated a ‘”a Buy”‘ rating for it. Telsey Advisory Group also remained covering SIG and reiterated its “Market perform” recommendation on April 04, 2024. Telsey Advisory Group maintained its rating on March 21, 2024. It rated SIG as “a Market perform”.
Price Performance Review of SIG
On Monday, Signet Jewelers Ltd [NYSE:SIG] saw its stock jump 2.15% to $103.14. Over the last five days, the stock has gained 5.32%. Signet Jewelers Ltd shares have fallen nearly -3.84% since the year began. Nevertheless, the stocks have risen 40.84% 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 08/12/24. SMA at 50 days reached $83.73, while 200 days put it at $94.90.
Levels Of Support And Resistance For SIG Stock
The 24-hour chart illustrates a support level at 101.37, which if violated will result in even more drops to 99.61. On the upside, there is a resistance level at 104.19. A further resistance level may holdings at 105.25. The Relative Strength Index (RSI) on the 14-day chart is 74.41, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.08, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.23%. Stochastics %K at 92.75% indicates the stock is a selling.
How much short interest is there in Signet Jewelers Ltd?
A steep rise in short interest was recorded in Signet Jewelers Ltd stocks on 2024-09-13, growing by 0.2 million shares to a total of 5.03 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 4.83 million shares. There was a rise of 4.05%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on March 15, 2024 when Telsey Advisory Group resumed its ‘”a Market perform”‘ rating for the stock and retained the price target to $105.
