Large Inflow of Money Detected in Signet Jewelers Limited

Signet Jewelers Limited (SIG) : Tuesdays money flow data in Signet Jewelers Limited (SIG) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $40.35 million, whereas, $35.84 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.13, in favor of the bulls. The total money flow into the stock was $4.5 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $9.93 million. The total value of block trades done on upticks was $17.19 million. The value of bearish trades on downticks was only $7.26 million.The up/down ratio in the block trades was a healthy 2.37 in favor of the bulls, suggesting strong buying in the stock by large traders. Signet Jewelers Limited (SIG) fell $0.25 and traded at $79.93, down -0.31% for the day, over previous days close. On a weekly basis, the shares are -0.89% over the previous weeks close.


Also, Citigroup downgrades its view on Signet Jewelers Limited (NYSE:SIG) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Earlier, the shares had a rating of Buy. Citigroup lowers the price target from $125 per share to $83 per share on Signet Jewelers Limited. The rating by the firm was issued on August 26, 2016.

Signet Jewelers Limited has lost 15.85% in the last five trading days and dropped 7.8% in the last 4 weeks. Signet Jewelers Limited has dropped 18.81% during the last 3-month period . Year-to-Date the stock performance stands at -34.92%.

Signet Jewelers Limited (NYSE:SIG): The stock opened at $78.37 on Tuesday but the bulls could not build on the opening and the stock topped out at $81.13 for the day. The stock traded down to $78.20 during the day, due to lack of any buying support eventually closed down at $79.93 with a loss of -0.31% for the day. The stock had closed at $80.18 on the previous day. The total traded volume was 2,071,772 shares.

In a related news, Plaskett Thomas G, director of Signet Jewelers Ltd, executed a transaction worth $26,664 on July 22, 2016. A total of 300 shares were purchased at an average price of $88.88. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Signet Jewelers Limited is a retailer of jewelry, watches and associated services in the United States, Canada and the United Kingdom. The Company manages its business through four segments: the Sterling Jewelers division, the UK Jewelry division, the Zale division, which consists of Zale Jewelry and Piercing Pagoda, and the Other segment. The Other segment includes subsidiaries involved in purchasing and conversion of rough diamonds to polished stones and unallocated corporate administrative functions. The Company operates retail jewelry stores in real estate formats, including mall-based, free-standing, strip center and outlet store locations. The Company operated approximately 3,579 stores and kiosks across 4.8 million square feet of retail space.

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