Why Signet Jewelers' Stock Was Up Again Today
Shares of jewelry-store operator Signet Jewelers (NYSE: SIG) were up for the third-consecutive session on Wednesday, as investors continued to cheer news that Simon Property Group (NYSE: SPG) will begin reopening its malls on Friday.
Signet Jewelers' stock finished the day at $10.16, up 7.9% from Tuesday's closing price and up about 33.5% since the end of last week.
Here's why Signet's stock has surged this week: Simon Property Group said on Monday that it will reopen 49 of its U.S. malls and outlet centers between May 1 and May 4, this Friday through Monday.
Source Fool.com
