Why Signet Jewelers Stock Jumped 24% in September
A strong earnings report lifted the jewelry stock.
Overview
Shares of Signet Jewelers (NYSE:SIG) were moving higher last month as the world's largest retailer of diamond jewelry reported better-than-expected results in its second-quarter earnings report and announced an accelerated share repurchase program.
Investors cheered the news, and by the end of the month, the stock had finished up 24%, according to data from S&P Global Market Intelligence.
Details
As you can see from the chart below, the stock soared on the report and stayed up from there.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.