Shares of Signet Jewelers Limited (SIG) Sees Large Outflow of Money

Signet Jewelers Limited (SIG) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (2.71 million) in Signet Jewelers Limited (SIG). On Monday, The value of composite uptick trades was $21.27 million, whereas, the value of composite downtick trades was $23.98 million and the ratio between the two was 0.89, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $2.82 million. $0.94 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.33. The negative money flow of ($1.88 million) shows selling on strength. Signet Jewelers Limited (SIG) gained $1.8 intraday at $93.02 and registrered 1.97% for the week.


Shares of Signet Jewelers Limited rose by 5.43% in the last five trading days and 2.88% for the last 4 weeks. Signet Jewelers Limited has dropped 12.49% during the last 3-month period . Year-to-Date the stock performance stands at -24.54%.

Signet Jewelers Limited (NYSE:SIG): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $91.26 and $91.26 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $94.18. The buying momentum continued till the end and the stock did not give up its gains. It closed at $92.67, notching a gain of 1.59% for the day. The total traded volume was 1,646,050 . The stock had closed at $91.22 on the previous day.

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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