Why Signet Jewelers Stock Popped Today
Signet(SIG) The Motley Fool·2025-02-28 17:40Shares of Signet Jewelers (SIG 8.16%), the world's largest retailer of diamond jewelry, were getting a lift after a major investor urged the company to sell itself.As of 11:20 a.m. ET, the stock was up 12.4% on the news. 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, whi ...