Signet Jewelers Limited (NYSE: SIG) was having a relatively rough start in the market this morning. Throughout most of the morning, the stock has been in the red and falling further. However, all movement stopped minutes ago as the stock was halted. Of course, our partners at Trade Ideas were the first to alert us to the halt. The halt happened at 10:33, when SIG was trading at $63.30 per share after a loss of $0.62 per share (0.97%) thus far today.
SIG Halted With News Pending
There is an update to this story below!
As mentioned above, Signet Jewelers wasn’t off to the best of days in the market today. After starting the session in the green, the stock quickly fell to the red and has been on a downtrend pretty much since the opening bell. However, that all changed minutes ago as the stock was halted.
The halt in question is a news pending halt. This means that at some point, and likely soon, we’re going to see news on SIG. While there’s no telling what that news might be, it’s likely to be big!
Stop wasting your time! Find winning trades in minutes with Trade Ideas!
What We’ll Be Watching For Ahead
Moving forward, the CNA Finance team will be keeping a close eye on SIG. In particular, we’re interested in finding out what the news is that caused the halt. We’ll continue to follow the story closely and bring the news to you as it breaks!
Update 10:44 – The halt seems to be the result of SIG resolving the EEOC case on pay and promotions. According to various sources, no findings in litigation of liability or wrongdoing!
Never Miss The News Again
Do you want real-time, actionable news delivered to your inbox? Join the CNA Finance mailing list below!