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 $3,943,600 were purchased by VIRGINIA C DROSOS on Nov 13 ’24. At $98.59 per share, VIRGINIA C DROSOS acquired 40,000 shares.
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Also, Edelman Oded sold 1,695 shares, netting a total of over 161,059 in proceeds. Following the sale of shares at $95.02 each, the insider now holds 16,971 shares.
Before that, Ciccolini Vincent had sold 5,000 shares from its account. In a trade valued at $461,883, the Chief Accounting Officer traded Signet Jewelers Ltd shares for $92.38 each. Upon closing the transaction, the insider’s holdings decreased to 5,000 shares, worth approximately $3.97 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 drop of approximately -1.25%. Over the course of the year, Signet Jewelers Ltd shares have dropped approximately -9.85%. 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 $96.13, while a 200-day SMA reached $94.01. Nevertheless, trading volume fell to 0.65 million shares from 0.58 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 94.61, which, if violated, would cause prices to drop to 92.52. In the upper region, resistance lies at 97.81. The next price resistance is at 98.91. RSI (Relative Strength Index) is 53.37 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.48, which suggests the price will decrease in the coming days. Percent R is at 41.99%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
