Why Signet Jewelers Stock Triumphed on Tuesday
Signet Jewelers (NYSE: SIG) saw its stock rise on an otherwise unexceptional Tuesday for the market. Investors bid up the price of the jewelry retail conglomerate by nearly 3% after it revealed plans for a new, $50 million share repurchase program.
In a regulatory filing published late on Monday, Signet disclosed that it has retained white-shoe investment bank Goldman Sachs to enact a $50 million accelerated share repurchase (ASR) program. Under this initiative, Goldman is to deliver approximately 480,000 of these shares to Signet.
Image source: Getty Images.
Source Fool.com
Signet Jewelers Aktie
80,24 €
0,50 %
Deutliche Kaufsignale für Signet Jewelers mit mehreren Buy- und keinen Sell-Einschätzungen.
Die Community erwartet für Signet Jewelers ein Kursziel von 105 €, was eine Steigerung von über 20% gegenüber 80.24 € bedeuten würde.
