Signet Jewelers Ltd’s recently made public that its Director VIRGINIA C DROSOS acquired Company’s shares for reported $3.94 million on Nov 13 ’24. In the deal valued at $98.59 per share,40,000 shares were bought.
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Then, Edelman Oded sold 1,695 shares, generating $161,059 in total proceeds. Upon selling the shares at $95.02, the insider now owns 16,971 shares.
Before that, Ciccolini Vincent sold 5,000 shares. Signet Jewelers Ltd shares valued at $461,883 were divested by the Chief Accounting Officer at a price of $92.38 per share. As a result of the transaction, Ciccolini Vincent now holds 41,036 shares, worth roughly $4.21 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 Friday, Signet Jewelers Ltd [NYSE:SIG] saw its stock jump 2.43% to $102.60. Over the last five days, the stock has gained 5.60%. Signet Jewelers Ltd shares have fallen nearly -4.34% since the year began. Nevertheless, the stocks have risen 25.46% over the past one year. While a 52-week high of $112.06 was reached on 06/03/24, a 52-week low of $72.26 was recorded on 08/12/24. SMA at 50 days reached $96.62, while 200 days put it at $94.03.
Levels Of Support And Resistance For SIG Stock
The 24-hour chart illustrates a support level at 101.16, which if violated will result in even more drops to 99.72. On the upside, there is a resistance level at 103.84. A further resistance level may holdings at 105.08. The Relative Strength Index (RSI) on the 14-day chart is 66.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.45, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.50%. Stochastics %K at 79.20% indicates the stock is a holding.
How much short interest is there in Signet Jewelers Ltd?
A steep rise in short interest was recorded in Signet Jewelers Ltd stocks on 2024-10-31, dropping by -0.13 million shares to a total of 4.84 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 4.97 million shares. There was a decline of -2.58%, which implies that there is a negative 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.