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What’s Driven Signet Stock After Dismal Holiday Sales

What’s Driven Signet Stock After Dismal Holiday Sales

Signet Jewelers (SIG) reported dismal holiday sales in the nine weeks ended December 30, 2017, and saw its stock fall ~7% on January 10, 2018. Over the past year, Signet stock has largely disappointed investors, falling ~33%. As discussed above, Signet stock has recovered by 8% in the last two trading days, despite reporting weak sales for the holiday season for a second consecutive time.