Why Signet Jewelers Is Tumbling This Morning
Shares of Signet Jewelers (NYSE: SIG) were falling 9% in morning trading Thursday despite the jeweler reporting second-quarter earnings that showed upbeat guidance and posting significantly narrower losses than what Wall Street was expecting.
The decline in the share price erased all of the gains Signet's stock made in premarket trading when it had been up as much as 5%. It seems this could be a case of "sell the news," as the financial report was fairly upbeat.
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Source Fool.com
