Why Is Signet Jewelers' Stock Surging Today?
Shares of jewelry-store giant Signet Jewelers (NYSE: SIG) were trading sharply higher on Monday morning, up about 10.6% from Friday's close as of 11:00 a.m. ET.
There was no big news driving the gain. But it's possible that this gain is about something that didn't happen: The severe disruptions of retail during the holiday season that many analysts had forecast.
Signet's shares fell sharply in late November on concerns about holiday-season retail disruptions. They haven't yet fully recovered, but given that those disruptions mostly didn't happen, the price jump isn't surprising.
Source Fool.com
