Signet Jewelers (SIG) Shares Soar 0.75% on Board Change

Signet Jewelers (SIG) shares rose 0.75% today, marking the third consecutive day of gains, with a total increase of 4.93% over the past three days. The share price reached its highest level since December 2024, with an intraday gain of 1.64%.

The strategy of buying SIG shares after they reached a recent high and holding for 1 week showed poor performance over the past 5 years. The annualized return was -3.5%, significantly underperforming the market. This indicates that relying on recent highs as a buying trigger and holding for a short duration is not a reliable strategy for SIG.

On June 27, 2025, Signet Jewelers announced the resignation of Board member Jonathan Seiffer, reducing the Board size from 12 to 11 members. This change in the Board composition could potentially influence the company's governance and strategic decisions, which might have an impact on the stock price. The resignation of a Board member can sometimes signal internal changes or shifts in the company's direction, which investors closely monitor for potential implications on the company's performance and future prospects.