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0.000375177640928403 -0.00104216011369019 -0.00540028422548562 -9.47418285173388E-05 -0.00672666982472769 -0.0132638559924207 -0.00369493131217433 -0.0031264803410707
Stock impact report

Why Signet Jewelers Stock Popped Today [Yahoo! Finance]

Signet Jewelers Limited Common Shares (SIG) 
Last signet jewelers limited common shares earnings: 3/26 06:50 am Check Earnings Report
Company Research Source: Yahoo! Finance
As of 11:20 a.m. ET, the stock was up 12.4% on the news. Image source: Getty Images. Could Signet be in play? In a filing last night, activist investor Select Equity reported a 9.7% stake in Signet, sent a letter to the board, arguing that the stock is deeply undervalued, and called on the board to explore all strategic options available, including a sale. Select Equity, which has held the stock since 2020, noted that same-store sales have declined for 11 years in a row, trailing the industry, and operating profit has declined in each of the last three years, falling short of guidance in the last two years. It also blamed management for mishandling the transition of the James Allen and Blue Nile banner to a new technology platform. It levied other criticisms at management as well, charging it with poor capital allocation, and argued that new CEO J.K. Symancyk was installed hastily and that he doesn't have the proper experience for the job. What it means for Signet Signe Show less Read more
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