Shares of Signet Jewelers have certainly lost their luster, down 31% just this year. As the company gets set to report results on March 9 shareholders should be used to disappointment.
Category: Signet Jewelers
Stock plunges, trading halted in owner of Kay and Jared jewelry chains after Post report
The parent company of Sterling Jewelers, which owns Jared the Galleria of Jewelry and Kay Jewelers, halted trading in its stock Tuesday after shares plunged to a four-year low. The Washington Post reported on Monday evening that about 250 former employees allege in sworn statements that the company’s chief executive and other leaders fostered a culture of rampant sexual harassment and discrimination.
Analysts’ Actions — Ford, Intel, Twitter, Viacom and More
Cerner was downgraded to perform from outperform at Oppenheimer. Confidence is waning about potential sales and earnings upside, Oppenheimer said.