Signet Jewelers and Illumina Rose on November 27

Val Kensington - Author

Aug. 18 2020, Updated 6:29 a.m. ET

Signet Jewelers 

Signet Jewelers (SIG), the world’s largest diamond jewelry retailer, was the S&P 500’s second-best performer on November 27. After falling more than 35% last week, Signet Jewelers opened the day higher on Monday and rose as the day progressed.

Signet Jewelers rebounded from six-month low price levels on Monday. The weaker-than-expected earnings report amid lower same-store sales made Signet Jewelers fall to six-month low price levels last week. The strong start to the holiday season along with bargain hunting at lower levels supported the company on Monday. It rose 4.9% on November 27 and closed the day at $52.25. Signet Jewelers is part of the S&P 500 consumer discretionary sector, which rose 0.08% on Monday.

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Illumina (ILMN) develops, manufactures, and markets integrated systems for the analysis of genetic variation and biological function. It was the S&P 500’s third-best performer on November 27.

Illumina rose to two-year high price levels last week amid the improved market sentiment. It started this week on a stronger note. On Monday, Illumina opened higher and rose to a fresh record high price levels. The sentiment improved after Illumina won the infringement suit against Ariosa Diagnostics and Premaitha Health last week.

On November 27, Illumina rose 4.2% and closed the day at $223.84. Illumina is a part of the S&P 500 healthcare sector, which rose 0.02% on Monday.

In the next part of this series, we’ll discuss how L Brands (LB) and Align Technology (ALGN) performed on Monday.


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