Corvex Management Lowers Stake In Signet Jewelers To 7.1%

Shares of

traded lower by nearly 1 percent on Tuesday after Corvex Management

March 26

indicated Corvex Management held a 7.2 percent stake in Signet Jewelers, while a

from January showed that Keith Meister's fund held a 7.8 percent stake in the jewelry retailer. Shares of Signet Jewelers have lost more than 5 percent over the past year and more than 10 percent over the past three months. The stock traded recently at $124.50, down 0.26 percent on the day.