Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Signet Jewelers Ltd shares valued at $161,059 were sold by Edelman Oded on Mar 26 ’24. At $95.02 per share, Edelman Oded sold 1,695 shares. The insider’s holdings dropped to 16,971 shares worth approximately $1.66 million following the completion of this transaction.
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Also, Ciccolini Vincent sold 5,000 shares, netting a total of over 461,883 in proceeds. Following the sale of shares at $92.38 each, the insider now holds 41,036 shares.
Before that, Edelman Oded had sold 7,000 shares from its account. In a trade valued at $667,775, the insider traded Signet Jewelers Ltd shares for $95.40 each. Upon closing the transaction, the insider’s holdings decreased to 7,000 shares, worth approximately $2.52 million.
As published in a research note from Telsey Advisory Group on September 09, 2024, Signet Jewelers Ltd [SIG] has been retained to a Market perform and the price target has been revised to $87. Analysts at Citigroup resumed the stock at ‘”a Buy”‘ outlook in a report released in mid June. As of April 04, 2024, Telsey Advisory Group has reiterated its “Market perform” rating for SIG. Earlier on March 21, 2024, Telsey Advisory Group resumed its rating. Their recommendation was “a Market perform” for SIG stock.
Analyzing SIG Stock Performance
During the last five days, there has been a surge of approximately 6.90%. Over the course of the year, Signet Jewelers Ltd shares have dropped approximately -8.62%. Shares of the company reached a 52-week high of $112.06 on 06/03/24 and a 52-week low of $72.26 on 08/12/24. A 50-day SMA is recorded $92.94, while a 200-day SMA reached $94.14. Nevertheless, trading volume fell to 0.79 million shares from 1.29 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 96.70, which, if violated, would cause prices to drop to 95.39. In the upper region, resistance lies at 99.07. The next price resistance is at 100.13. RSI (Relative Strength Index) is 59.03 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.03, which suggests the price will increase in the coming days. Percent R is at 19.43%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
