Market Overview

Corvex Management Lowers Stake In Signet Jewelers To 7.1%

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Shares of Signet Jewelers Ltd. (NYSE: SIG) traded lower by nearly 1 percent on Tuesday after Corvex Management disclosed it holds a 7.1 percent stake in the company.

A 13D filing dated March 26 indicated Corvex Management held a 7.2 percent stake in Signet Jewelers, while a similar filing 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.

 

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